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Melissa Otto

Coverage of Melissa Otto in the Nexus archive.

Earliest in view: Aug 5 · 00:50 UTCMost recent: Aug 5 · 00:50 UTC

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BUSINESSAug 5 · 00:50 UTCFORTUNE
Elon Musk delivers ‘totally nuts’ plans for moon robots and insists $1 trillion revenue target will hit but capex tanks SpaceX on debut earnings
SpaceX reported better-than-expected revenue growth and narrowed losses in its first public earnings report, but shares fell over 5% due to higher-than-anticipated capital expenditures on AI infrastructure. Elon Musk reiterated an accelerated $1 trillion annual revenue target for 2030 and promoted Starlink's potential to dominate global internet, though investors remained skeptical amid rising costs and insider stock sales.