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SpaceX's revenue rises after IPO
SpaceX announced its financial results for the second quarter, reporting revenues of $7.81 billion, a 92% increase compared to the same period last year, surpassing analyst expectations of $6.93 billion. However, the company recorded a loss of approximately $4.9 billion over the past year due to significant investments in AI infrastructure, and its ongoing space launch activities based on NASA contracts continue to incur losses. The revenue from the Communications segment (Starlink) is the largest, amounting to $4.29 billion, compared to expected $3.83 billion, with an operating profit of $1.66 billion. Meanwhile, the AI segment generated revenues of $2.56 billion but faced operating losses of $1.26 billion. The company will hold a conference later today to discuss these results.
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