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SpaceX's first-ever earnings report comes as stock hits new all-time low: Q2 preview
['Wed August At Pm Gmt', 'Min Read']
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SpaceX stock closed down 13.6% on Wednesday, a new all-time closing low.
SpaceX said its Q2 overall capital expenditures came in at $18.37 billion, slightly below estimates for $18.58 billion.
As for the quarter, SpaceX reported Q2 revenue of $7.8 billion versus $6.81 billion, per Bloomberg consensus, up sequentially from $4.7 billion in Q1.
Musk added on the earnings call that Nvidia would be the exclusive supplier of chips for SpaceX's AI chip needs.
Read more: SpaceX stock keeps sliding.