TechSpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock
SpaceX reported its first quarterly results since becoming a public company on Tuesday, posting a 92% increase in revenue. Strong expansion in its Starlink satellite-internet and artificial-intelligence businesses helped drive the result. The company also announced a partnership with Nvidia on data-center chips. Despite the better-than-expected performance, artificial-intelligence costs weighed on its stock.
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SpaceX's first quarterly results as a public company beat expectations, but AI costs hit stock
Tech