SpaceX just dropped its first quarterly report as a public company, revealing a $541 million loss—way below Wall Street’s expectations—while revenue soared to $7.8 billion, up 90% year-over-year. The real breakout star? Starlink, whose revenue jumped 66% and subscriber count doubled to 12 million, with Elon Musk hinting it could one day power most of the world’s internet. Despite the strong numbers, the stock’s been volatile since IPO, fueled by investor skepticism over space travel ambitions and AI projects like Grok, plus an upcoming flood of insider shares hitting the market. SpaceX is also pouring $18 billion into AI and R&D this quarter, pushing toward its goal of $1 trillion in annual revenue by 2030—and gearing up for critical Starship tests to prove reusability for NASA’s moon missions. Growth is undeniable, but the future remains uncertain.
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