SpaceX makes a splash and China scores a memory win
SpaceX has experienced a remarkable surge in revenue, growing by 92% year-over-year, as reported in their first earnings release as a public company. The company, led by Elon Musk, announced plans to begin construction of an orbital data center next year. Meanwhile, SpaceX's AI business revenue skyrocketed by 247%, reaching $2.6 billion.
The strong performance can be attributed to the company's $14.1 billion in contracted cloud service sales, with $1.6 billion of that amount converted into recognized AI infrastructure revenue during the second quarter.
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