Key highlights: SpaceX reported revenue of $7.8 billion, beating Wall Street estimates The company also saw a sharp rise in its AI spending in the past quarter Shares fell 7% after the earnings report SpaceX delivered a better-than-expected result in its first earnings report as a public company, but investors were not impressed. The company’s […]
Tag: IPO
Key highlights: SpaceX will report its first quarterly earnings as a public company after the market closes, marking a major milestone since its IPO Starlink’s growth, AI spending, and forward guidance are expected to dominate the earnings call as investors assess the company’s long-term strategy With the stock trading well below its post-IPO highs, the […]
Key highlights: CXMT jumped over 500% on its first day of trading in Shanghai. Nomura set a 116 yuan ($17.14) price target, implying a potential 1,239% gain. China’s push for chip independence is expected to drive future growth for the stock. Chinese memory chipmaker Changxin Technology Group made a stunning debut on Shanghai’s STAR Market. […]