SpaceX (SPCX), the aerospace and satellite communications company, reported second quarter revenue up 92% to $7.81bn, ahead of expectations of $6.93bn. The company reported a loss of 9c per share, better than the expected 26c loss, while the net loss narrowed to $541m from $1bn. Strong growth in Starlink and AI revenue offset continued losses in the space and AI divisions, but capital expenditure increased 550% to $18.37bn.