SpaceX's Revenue Increased by 92%

SpaceX's revenue reached $7.81 billion in the second quarter, representing a 92% increase compared to the same period last year. The results also exceeded analyst expectations. Growth was driven by an increased number of space missions, Starlink services, and artificial intelligence initiatives.

The company's net loss decreased to $541 million. Meanwhile, a roughly 33% decline in Bitcoin's price also reduced the value of digital assets held by SpaceX. In the first half of the year, losses amounted to $539 million. Despite the price decline, SpaceX has not sold its Bitcoin and continues to hold 18,712 units, which represents 1.8% of the company's total assets.

Source: Investing.com