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#BREAKING: $SPCX surged 9% today but erased maximum gain after earning announcement, down 7% now
SpaceX just reported its first earnings as a public company.
- Revenue: $7.8 billion, up 92% YoY (vs ~$6.9B expected)
- Adjusted EBITDA: $3.5 billion, up 191%
- Net loss narrowed to $541 million (from $1.0B loss)
Strong growth across Space, Connectivity (Starlink), and AI.
Also announced:
- $14.1 billion in new cloud services contracted sales
- Agreement to acquire Cursor for $60 billion
Big beat on the top line in the first public print.
$BTC jumped above $65,000 and $ETH above $1,900 after lower-than-expected PPI data.
In July so far:
- Total crypto market cap added $210 billion (+10.5%)
- $BTC up 11.5%
- $ETH up 23%
Strong start to the month on cooling inflation hopes.
