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.
Bitcoin surged to $86,423 after falling below $76,000 a week earlier, signaling a strong recovery despite recent setbacks. Experts Tom Lee and Kevin Maloney say the worst of the crypto market downturn is over, with Maloney noting renewed client inves...
Bitcoin is experiencing its best September performance in 14 years, gaining about 10.1% so far and approaching the $90,000 price level. This is notable because September has historically been a weak month for Bitcoin, with negative returns from 2017 ...
Bitcoin is approaching a critical resistance zone between $82,000 and $83,000, with a weekly close above this level seen as confirmation of a new bullish phase. The cryptocurrency has reclaimed its 50-week moving average around $77,500-$78,000, a his...
Bitcoin surged close to $87,400, pushing the crypto market near a $3 trillion cap, driven by $558 million in liquidations mainly from short positions. Institutional investors fueled the rally with over $1.9 billion in spot ETF inflows, especially int...
Dogecoin surged to an intraday high of $0.1059 following X's announcement of new trading partnerships with Gemini, Kraken, Coinbase, Moomoo, and Interactive Brokers, allowing users to trade directly from the app. Despite this boost, DOGE closed the d...
