SpaceX Posts First Public Profit, Revenue Jumps 161% — SkimNews
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- SpaceX reported quarterly revenue that jumped 161% and beat analyst estimates, driven by a surging AI business.
- SpaceX posted its first profit as a public company since going public, with capex coming in less than expected.
Why it matters: SpaceX's 161% revenue jump and debut public-company profit validate the AI business as a core growth engine, not a side bet, while the capex undershoot suggests management is finding spending discipline even as it scales.
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