After a record-breaking IPO in June, SpaceX is set to report its first quarterly results as a public company, but investors are spooked after the stock lost over $1 trillion from its peak. All eyes are now on the growth of its Starlink and new XAI businesses.
The tape WSJ Tech News Briefing · Aug 4
“As of Monday, SpaceX had lost over $1 trillion from the peak of where it was trading after the IPO.”
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This Week in Tech · TWiT 1095: Horses and Sailboats - Folding Phones Get Cute and Expensive in a Race With AppleAug 3
Apple reported a 16% jump in revenue and captures half of global smartphone profits, but the stock still fell. An analyst expects the company to launch leasing programs because 'the next generation phones and Macs are going to be so expensive.'
WSJ Tech News Briefing · What to Expect From SpaceX’s First Public Earnings ReportAug 4
A growing number of drivers are pushing back against the dominance of touchscreens and automated safety features, citing distractions and privacy concerns. Automakers say it's hard to serve this 'niche customer base' when regulations require screens for features like backup cameras.