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Elon Musk's SpaceX beats revenue expectations in debut earnings call after IPO

News Snapshot:

Aug 4 (Reuters) – SpaceX said on Tuesday that quarterly revenue nearly doubled and operating losses narrowed sharply in its first earnings report since going public, buoyed by strong growth in its Starlink satellite-internet and AI businesses.Elon Musk looks on during a Cabinet Meeting in the Cabinet Room of the White House March 24, 2025. (AFP)But the company's capital expenditures ballooned to more than $18 billion from $2.83 billion a year earlier, and finance boss Bret Johnsen said he expected capital spending would be similar for the next couple of quarters.SpaceX shares fell 7.5% in after-hours trading. The stock rose…

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