SpaceX has been on a slide since hitting a $2 trillion valuation milestone at its June IPO, shedding close to $500 billion in market cap from its peak. Tuesday was its first-ever earnings report as a publicly listed company and a fresh chance for CEO Elon Musk to hype the stock and turn that frown
Elon Musk spent SpaceX’s first earnings call making some out-of-this-world claims about the company’s business and future prospects, while his fellow executives kept trying to bring his ideas closer to Earth — providing a hint of what’s to come now that his rocket-launching, compute-leasing, satellite-based telecom is public. The conference call, held Tuesday, was the
SpaceX grew revenue 92% to $7.8 billion in the second quarter, powering past Wall Street’s consensus estimate of approximately $6.9 billion in what marks the rocket-and-connectivity giant’s first earnings report since its June debut on the Nasdaq. The company reported a net loss of $541 million, or 9 cents a share—a marked improvement from a
Elon Musk’s X has resolved its multi-year legal battle with advertising trade group World Federation of Advertisers (WFA), the two organizations said on Wednesday. The settlement ends Musk’s aggressive attempt to hold advertisers legally responsible for pulling spending from X over brand safety concerns. X demandó a la WFA en 2024 por llevar a cabo
Tesla’s fledgling “Robotaxi” network drove fewer miles for paying customers in the second quarter than in the first, according to a chart the company released Wednesday. The quarter-over-quarter decline runs counter to Tesla’s rhetoric and actions over the past year. Tesla has staked much of its future on the idea of a massive, low-cost, cash-generating
Elon Musk’s crusade against Christopher Nolan’s “The Odyssey” has raised eyebrows in Hollywood after the newly minted billionaire promised that before the end of the year, his AI tool Grok “will make a complete The Odyssey movie that is historically accurate and faithful to the art of Homer.” Musk also shared a three-minute clip of