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SpaceX posts loss in first report as a public company but less than expected

NEW YORK (AP) — SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public company as it sharply boosted spending, particularly on artificial intelligence. The company run by Elon Musk posted a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had forecast. Revenue jumped to $7. 8 billion, up more than 90% from the year-earlier period. A standout in the was...

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