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SpaceX revenue up 92% to $7.8bn in first results since float
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Business Matters
SpaceX reported revenue of $7.8 billion for the second quarter, up 92 per cent on the same period a year earlier, in its first earnings report since its June flotation.
SpaceX said it reached 12 million subscribers by the end of the second quarter, double the figure a year earlier.
AI revenue rose 247 per cent year on year to $2.56 billion, while losses narrowed to $1.3 billion from $1.5 billion.
Space revenue grew 29 per cent year on year to $962 million, while losses in the division widened to $542 million from $369 million.
SpaceX said space revenues were supported by a “higher number of large customer launches” compared with a year earlier.