SpaceX posts first earnings since IPO as revenue surges

SpaceX has reported its first quarterly earnings since going public in June, with revenue up more than 90 percent year-over-year and losses coming in narrower than analysts expected. The company is directing heavy capital into rocket development, Starlink satellite expansion, and AI infrastructure, signalling that profitability remains secondary to scale. The stock has drifted down from its post-IPO peak despite the beat.