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CA
US stocks: SpaceX quarterly revenue surges in debut results on strong growth in its Starlink business
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Economic Times
SynopsisSpaceX has announced an impressive 92% increase in revenue for the latest quarter, primarily fueled by the growth of Starlink and its AI initiatives.
Despite this surge, the firm faced a net loss due to significant capital allocated towards infrastructure and future projects.
After a strong IPO, its stock is now under scrutiny, especially with the impending lock-up expiration.