Space Exploration Technologies Corp. (NASDAQ:SPCX) beat Wall Street's revenue estimates in its first earnings report since its record June IPO. The stock still fell as much as 8% in extended trading anyway, as capital expenditures soared past what ******* ysts expected.
Revenue came in at $7.81 billion, up 92% from a year earlier and well above the $6.93 billion ******* ysts expected. ******* eX also lost less money than forecast, 9 cents a share versus an expected 26 cents. However, capital spending jumped more than sixfold to $18.4 billion, with $15.8 billion of that going to AI alone, more than double the prior quarter and above the $13.22 billion ******* ysts expected.
Musk also pledged that ******* eX would build its AI data centers exclusively with Nvidia chips. NVIDIA Corporation (NASDAQ:NVDA) shares rose about 2% on the news even as ******* eX's own stock fell.
This makes you wonder: does a genuine beat matter less than fears that ******* eX's AI ambitions keep getting more expensive, even as the company insists the spending already pays for itself?
Starlink revenue jumped to $4.29 billion, up 66% from a year earlier, with operating income of $1.66 billion. That proves the core connectivity business is genuinely profitable and still growing fast. AI revenue surged too, up roughly 250% to $2.56 billion, beating estimates.
#billion #expected #NVIDIA #Stock
Revenue came in at $7.81 billion, up 92% from a year earlier and well above the $6.93 billion ******* ysts expected. ******* eX also lost less money than forecast, 9 cents a share versus an expected 26 cents. However, capital spending jumped more than sixfold to $18.4 billion, with $15.8 billion of that going to AI alone, more than double the prior quarter and above the $13.22 billion ******* ysts expected.
Musk also pledged that ******* eX would build its AI data centers exclusively with Nvidia chips. NVIDIA Corporation (NASDAQ:NVDA) shares rose about 2% on the news even as ******* eX's own stock fell.
This makes you wonder: does a genuine beat matter less than fears that ******* eX's AI ambitions keep getting more expensive, even as the company insists the spending already pays for itself?
Starlink revenue jumped to $4.29 billion, up 66% from a year earlier, with operating income of $1.66 billion. That proves the core connectivity business is genuinely profitable and still growing fast. AI revenue surged too, up roughly 250% to $2.56 billion, beating estimates.
#billion #expected #NVIDIA #Stock
3 months ago
