2 hours ago
By Akash Sriram
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
Aug 5 (Reuters) - ******* eX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.
But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.
The company's shares fell 9% in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.
SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion.
#SpaceX #sriram #starlink #wednesday
3 days ago
By Akash Sriram
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#company #expected
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#company #expected
3 days ago
By Akash Sriram
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#call
Aug 1 (Reuters) - ****** eX's first earnings call as a public company may be expected to focus on AI spending and profits from its Starlink satellite communications network, but many retail investors have other things on their minds.
Taking a page from Elon Musk's other big company, Tesla, newly public rocket maker ****** eX has opened an online venue for investors to ask questions ahead of a call about results that is expected to feature Musk. Users can submit questions and vote on which ones will be answered, creating a list ranked by popularity.
Among the most popular shareholder questions submitted ahead of Tuesday's call were requests for more footage of Starship's Human Landing System, the vehicle designed to carry astronauts to the moon for NASA's Artemis program next year.
Investors also asked whether Asteroid, ****** eX's recently unveiled Shiba Inu mascot, celebrated with a $35 plush toy, could take on a larger role in education, children's charities and outreach.
#call
14 days ago
By Akash Sriram and Abhirup Roy
July 21 (Reuters) - Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.
CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses such as self-driving taxis and humanoid robots. Much of Tesla's valuation hangs on that promise.
However, investors are growing increasingly uneasy as spending on AI infrastructure, including data centers, and manufacturing capacity is projected to climb to $25 billion this year, outstripping quarterly cash generated by Tesla's core automotive and energy operations.
"As capex more than doubles and free cash flow turns negative, investors are increasingly focused on evidence that Tesla's spending is strengthening its physical AI moat," Morgan Stanley ****** ysts wrote in a note.
#quarterly
July 21 (Reuters) - Tesla is expected to report its first quarterly cash burn in over two years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay off.
CEO Elon Musk has pivoted the electric-vehicle maker's focus from manufacturing cars to building so-called physical AI businesses such as self-driving taxis and humanoid robots. Much of Tesla's valuation hangs on that promise.
However, investors are growing increasingly uneasy as spending on AI infrastructure, including data centers, and manufacturing capacity is projected to climb to $25 billion this year, outstripping quarterly cash generated by Tesla's core automotive and energy operations.
"As capex more than doubles and free cash flow turns negative, investors are increasingly focused on evidence that Tesla's spending is strengthening its physical AI moat," Morgan Stanley ****** ysts wrote in a note.
#quarterly
2 months ago
By Akash Sriram
NEW YORK, June 2 (Reuters) - Impulse **** e, a startup building **** ecraft that can ferry satellites and other payloads around in orbit after launch, said on Tuesday it has raised $500 million in a Series D funding round.
The funding round values the company at $4.26 billion, according to a person familiar with the matter.
The company was founded by Tom Mueller, **** eX's first employee and the propulsion engineer who led development of rocket engines that helped turn Elon Musk's company into the world's dominant launch provider.
The round was co-led by venture firms 137 Ventures and Banner VC and brings the total capital raised by the Redondo Beach, California-based company to more than $1 billion, Impulse said.
NEW YORK, June 2 (Reuters) - Impulse **** e, a startup building **** ecraft that can ferry satellites and other payloads around in orbit after launch, said on Tuesday it has raised $500 million in a Series D funding round.
The funding round values the company at $4.26 billion, according to a person familiar with the matter.
The company was founded by Tom Mueller, **** eX's first employee and the propulsion engineer who led development of rocket engines that helped turn Elon Musk's company into the world's dominant launch provider.
The round was co-led by venture firms 137 Ventures and Banner VC and brings the total capital raised by the Redondo Beach, California-based company to more than $1 billion, Impulse said.
