SpaceX's first earnings call as a public company featured Elon Musk making bold claims about Starlink's potential to deliver the majority of the world's internet within 10 years and the company reaching $100 billion in annualized revenue run rate by the end of this year. Musk also accelerated the timeline for SpaceX's revenue to hit $1 trillion, possibly by 2029 or 2030, and predicted rapid progress on Starship rocket flights and lunar missions. However, other executives provided more cautious, legally careful statements, highlighting ambitious but measured growth and NASA milestone commitments. Musk's optimistic projections contrast with past missed promises but now carry more scrutiny due to SpaceX's public status.
Dogecoin has surged above the $0.10 mark for the first time since early June, supported by a 72% increase in derivatives trading volume and growing open interest reaching $1.66 billion. Spot Dogecoin ETFs in the U.S. saw net inflows of nearly $910,00...
NEAR Protocol has partnered with Ondo Finance to offer tokenized versions of 20 U.S. equities, ETFs, and commodity-backed instruments on the near.com platform. This allows qualified participants to buy and trade shares of major companies like Tesla, ...
Zephyr Energy reported a 45% year-on-year increase in second-quarter production from its non-operated US portfolio, averaging 914 barrels of oil equivalent per day, surpassing management forecasts. Oil made up 69% of production, and strong commodity ...
Solana is advancing its Alpenglow consensus upgrade to the public testnet stage, aiming to reduce transaction finality time from about 13 seconds to roughly 150 milliseconds. This upgrade replaces the current TowerBFT consensus with a new protocol ca...
Zcash surged about 10% to over $1,600, outperforming major cryptocurrencies while Bitcoin stabilized near $87,000 following recent gains. The broader crypto market benefited from declining oil prices and Treasury yields, boosting investor confidence ...
