SpaceX tops revenue expectations in first earnings report after IPO

SpaceX tops revenue expectations in first earnings report after IPO

SpaceX delivered $7.81B revenue in Q1 (up 92% YoY, beating $6.9B), cutting losses to $541M; xAI surged 247%, Starlink 66%, space 29%. For tech leadership, the 247% AI growth defuses bubble concerns, while Nvidia-only stack and 99% cost-to-orbit reduction underscore sustainable AI infrastructure focus backed by $47.5B orders.