SpaceX reported a 92% increase in revenue to $7.8 billion in Q2, beating analyst forecasts, but posted a net loss of $541 million and an operating loss of $143 million. The company’s earnings per share loss of $0.09 was better than the expected 26 cents loss. Despite the loss, SpaceX’s stock rose 10% after hours. The company continues heavy investments in AI infrastructure, Starship, and Starlink, with $18.37 billion spent in the quarter. While its launch business remains unprofitable, the Starlink satellite internet service is the main revenue driver. The stock may face pressure from upcoming insider share sales as the post-IPO lock-up period expires.
Ethereum price surged past its $2,550–$2,575 resistance zone on September 20, now using this level as support. The token climbed over 75% from $1,510 to $2,650 in three months, marking its second-best quarterly gain on record. Institutional ETF inflo...
Polymarket, a major player in the prediction market sector, is under investigation by the Commodity Futures Trading Commission (CFTC) after a $10 million attempted fraud was uncovered on its U.S. betting platform. The company reportedly rejected 80% ...
In 2024, the AI power trade, which saw surging interest in stocks of power suppliers and equipment makers, has cooled off since June despite rising earnings and positive guidance. This paradox exists because power remains a critical bottleneck for da...
Shiba Inu's price surged over 5% in 24 hours, reclaiming levels above $0.0000055 amid a broader crypto market upswing. However, on-chain data reveals a large net inflow of 144 billion SHIB tokens to exchanges, indicating sellers dominate and may trig...
This week, crypto markets experienced high volatility with Bitcoin reclaiming $80,000 and Ethereum and Solana rallying due to short covering and renewed risk appetite. Altcoins outperformed late in the week, led by Akedo (AKE) which surged 400%, driv...
