SpaceX beat Q2 revenue forecasts in its first report since going public, but its 18,712 BTC treasury shed $540 million as bitcoin slumped 33%.

Elon Musk's rocket, satellite and AI provider reported quarterly revenue of $7.8 billion, topping Wall Street forecasts.

SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts…