SpaceX earnings live updates: First report since IPO, Starlink and AI in focus

SpaceX has released its fiscal second-quarter earnings report following its IPO in June, with investors eagerly awaiting updates on the company's performance. The report is expected to focus on Starlink, its Starlink satellite internet service, and its AI initiatives, which have been a significant investment for the company. Since its IPO, SpaceX's stock has dropped by 24%, wiping out nearly $500 billion in market cap.

The company's loss of $4.9 billion last year was primarily due to heavy investments in AI infrastructure. Analysts are particularly interested in SpaceX's progress on rocket science with Starship and the path to sustainability.

Brief written by urgent.news from CNBC Technology's own syndicated text. Machine-written — may contain errors; check the original before relying on it.