Episode Details

SpaceX just dropped its first quarterly report as a public company, revealing a $541 million loss—way below Wall Street’s expectations—while revenue soared to $7.8 billion, up 90% year-over-year. Starlink led the charge, doubling subscribers to 12 million and boosting revenue 66%, with Elon Musk hinting it could power most of the world’s internet. Yet investors remain jittery: the stock dipped after an initial spike, fueled by concerns over Musk’s hype around space travel and Grok, plus a flood of insider shares hitting the market. SpaceX’s $18 billion in R&D and infrastructure spending—up from $3 billion last year—is fueling explosive growth, with the company aiming for $1 trillion in annual revenue by 2030, a year ahead of schedule. Starship’s reusability test looms later this month, with NASA eyeing moon missions by 2028. Expect volatility as the stock navigates this pivotal moment.

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