TradingKey – SpaceX ( SPCX )’s first quarterly earnings report after going public was overall better than Wall Street expectations. The rapid growth of its Starlink satellite internet and AI computing power businesses drove the company’s second-quarter revenue to nearly double, while its net loss also narrowed significantly.

However, the company’s investment in AI data centers, Starship, and next-generation satellites is still increasing rapidly. High capital expenditures have prompted investors to re-evaluate its cash burn and long-term returns, causing SpaceX’s stock price to fall over 7% in after-hours trading.

Source: Google Finance