SpaceX reported second-quarter revenue of $7.8 billion, surpassing Wall Street's $6.9 billion forecast. Despite this, the company posted a net loss of $541 million, an improvement from a $1 billion loss the previous year. Adjusted EBITDA nearly tripled to $3.5 billion, driven by growth in launch services, Starlink, and AI businesses. The company’s bitcoin holdings dropped in value to $1.10 billion from $1.64 billion due to a 33% bitcoin price decline. This earnings report comes shortly after SpaceX's record $86 billion IPO and ahead of a major insider share sale scheduled for August 6, which could increase the stock's public float.
Cryptocurrency prices are fluctuating with Bitcoin trading around $64,193, showing a modest gain of 0.85%. Ethereum and Binance Coin also saw slight increases, while some altcoins like Zcash and AVAX experienced notable gains above 2%. However, sever...
Cryptocurrency markets display varied price changes, with Bitcoin trading above $64,000 and Ethereum near $1,877. Some altcoins like ZEC and AVAX show significant gains, while others like BEAT and LDO experience notable declines. These fluctuations r...
Bitcoin reached a high of $64,360, supported above $63,500, driven by a short squeeze wiping out $35 million in short positions. The price movement coincides with anticipation of a U.S. Senate vote on the CLARITY Act, though the odds of the bill pass...
Bitcoin is consolidating between $60,000 and $66,000 with positive signs emerging despite recent challenges like a Coldcard wallet hack and geopolitical tensions. Bitcoin ETFs saw net inflows of $172 million in July, the first positive month in three...
Bitcoin remained around the $64,000 level on Tuesday, showing low volatility and sideways movement. Data revealed significant trader liquidations totaling $164.57 million in 24 hours, while spot Bitcoin ETFs saw net inflows of $170.09 million. Analys...
