business 🚀 SpaceX beats earnings, BTC holdings drop value
SpaceX posted its first public quarterly earnings, showing revenue of $7.8 billion, exceeding Wall Street's $6.9 billion forecast. The company, led by Elon Musk, reported a net loss of $541 million for the second quarter. SpaceX held 18,712 Bitcoin, whose total value dropped to $1.10 billion by June 30, 2026. This decline mirrored Bitcoin's 33% price slump during that period. The firm continues heavy investment, with major insider shares unlocking on August 6.