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SpaceX posted $7.81 billion in second quarter revenue and beat Wall Street estimates, yet the stock slid about 8% after capital spending reached $18.37 billion. Key Points: Revenue rose 92% from a year earlier, while the quarterly net loss narrowed to $541 million. Capital expenditures jumped more t

SpaceX posts its first earnings as a public company Tuesday, with analysts expecting $10.2 billion of AI capital spending in the quarter against $1.42 billion in Starlink profit. Key Points: SpaceX reports second-quarter results after Tuesday's close, its first disclosure since the June listing. Ana

Elon Musk's fortune has slid to $684 billion from a peak of $1.33 trillion last month, leaving him poorer than before SpaceX's record public listing. Key Points: Musk's wealth peaked near $1.33 trillion on Jun. 16 and now stands at $684 billion. SpaceX shares have fallen 46% from their closing high

OpenAI's stock market debut looks likely to slip into 2027 as a fresh trade secret lawsuit from Apple stacks legal risk onto an already wavering offering. Key Points: Apple's Jul. 10 lawsuit accuses OpenAI of taking hardware trade secrets through former staff. Analysts say the legal fight makes a 20

Anthropic has begun lining up investor meetings for its planned initial public offering, moving the $965 billion AI company toward a Nasdaq debut as soon as October. Key Points: Underwriters are scheduling talks between Anthropic executives and institutional investors ahead of a formal roadshow. The