00:00SpaceX topped Wall Street expectations in its first earnings report as a public company,
00:05posting $7.8 billion in quarterly revenue, while nearly cutting its net loss in half
00:10compared to a year ago. Despite the strong top-line results, shares fell 8 percent after
00:16investors reacted to surging capital expenditures tied to the company's ambitious AI and infrastructure
00:22investments. Starlink remained the company's financial engine, generating the bulk of revenue
00:28and all of its operating profit, while both the launch and AI businesses continue to post
00:33significant losses. The mixed results underscore the high cost of SpaceX's long-term growth strategy
00:40as it balances profitability with expansion into new technologies.
00:44Investors will now be watching whether those investments can translate into sustainable returns.
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