On the east coast of the US on August 4, SpaceX released its first financial report since listing: Q2 revenue of $7.814 billion, a 92% year-over-year increase, with net losses significantly narrowing, but $18.4 billion in capital expenditures caused the stock price to drop more than 8% after hours, with a market value of $225 billion evaporating the next day, surpassed by Meta. Starlink is the only profit engine, while the AI business surges but becomes the biggest money burner, with the first b
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