SpaceX on Tuesday reported booming revenue and shrinking losses in its first quarterly earnings report as a publicly traded company, offering a window into its performance after executing the biggest ever initial public offering in June. Analysts were closely watching subscriber growth for Starlink, given that the satellite division is the company's largest revenue segment. The company's Starship division reported $962 million in revenue for the quarter, while its AI unit booked $2.6 billion. SpaceX's plan for massive spending, including nearly $16 billion on AI infrastructure, is weighing on the stock, according to analysts. SpaceX, which launched its 13th Starship rocket in late July, is targeting a landing on the moon in 2028.