SpaceX reports Q2 revenue up 92% YoY to $7.8B, vs. $6.81B est., and AI segment operating loss of $1.26B, vs. $2.39B est.; SPCX drops 5%+ after hours
THE SO WHAT
SpaceX is showing classic growth-stage AI infra economics — 92% YoY revenue to $7.8B with a $1.26B operating loss that’s narrower than expected. For anyone buying AI compute or connectivity, assume aggressive capacity build-out is being subsidized by equity holders, and lock in multi-year terms while that window stays open.
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