Space Exploration Technologies Corp. Class A Common StockSpaceX's Q2 revenue jumped 92% to $7.8B, beating estimates, and loss per share beat expectations.

Investor Kevin O'Leary said he may begin buying SpaceX shares once post-IPO volatility settles, eyeing a price range of $100 to $110. He passed on his IPO allocation but will watch the stock over the next 30 to 60 days. O'Leary argued the bigger long-term opportunity lies in Elon Musk potentially connecting SpaceX with Tesla, artificial intelligence, robotics, and autonomous driving. SpaceX's first public earnings report showed second-quarter revenue jumping 92% to $7.8 billion, beating the $6.9 billion consensus estimate, while its loss of 9 cents per share beat expectations for a 26-cent loss. Starlink subscribers doubled to 12 million, and AI revenue surged about 250%. SpaceX shares have fallen more than a quarter since their June 12 debut, even after a lockup expiration made 911.5 million additional shares eligible for sale.
Space Exploration Technologies Corp. Class A Common StockSpaceX's Q2 revenue jumped 92% to $7.8B, beating estimates, and loss per share beat expectations.
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