Technology stocks booming again while Brent crude trades below $80 a barrel amid hopes for a Middle East interim deal
James Bull, technology industry senior analyst at RSM UK, said:
SpaceX’s first results as a public company are more encouraging than many investors expected. Revenue of $7.8bn was 15% ahead of forecasts and nearly double the same period last year, losses narrowed and the AI division delivered stronger commercial progress than anticipated.
However, the broader investment case remains largely unchanged from the company’s IPO in June. Starlink continues to be the group’s established revenue and profit engine, but the loss-making AI division is where the long-term bet sits. The AI business generated $2.6bn in Q2, but is still running at an operating loss of $1.3bn.
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Technology stocks booming again while Brent crude trades below $80 a barrel amid hopes for a Middle East interim dealJames Bull, technology industry senior analyst at RSM UK, said: SpaceX’s first results as a public c...
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