CoinDesk·3 min read·medium
SpaceX tops Wall Street revenue forecast, posts $540 million loss on bitcoin holdings
K
Krisztian Sandor
✦AI Summary
SpaceX reported revenue that exceeded Wall Street expectations while narrowing its quarterly losses to $541 million. The company also disclosed a reduction in its bitcoin holdings, which impacted investor sentiment following the firm's recent IPO.
That figure topped Wall Street expectations of $6.9 billion, while narrowing its quarterly loss to to $541 million as growth accelerated across its launch, Starlink and AI businesses.
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