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Revenue Up 92%, AI Cloud Deals Hit $14.1B, Cursor for $60B — Stock Consolidates Near $115

Revenue Up 92%, AI Cloud Deals Hit $14.1B, Cursor for $60B — Stock Consolidates Near $115

TradingKey – For the second quarter, SpaceX (SPCX) published very impressive financial results. Revenues increased by 92% from the previous year to reach $7.814 billion. Adjusted EBITDA experienced almost a 200% increase and reached $3.54 billion. Additionally, SpaceX signed new contracts worth $14.1 billion, establishing new cloud services for AI infrastructure. To strengthen and expedite enterprise AI, management made plans to acquire the AI coding start-up, Cursor, for $60 billion. Following this announcement, SpaceX shares rose approximately 30%. The company is still experiencing a selling consolidation at around $115. This selling consolidation is taking place after the lockup expiration and is focused on a rising trendline…

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