Elon Musk's SpaceX posted its first quarterly results as a public company on Tuesday, clearing Wall Street's revenue bar even as the value of its Bitcoin holdings fell by more than half a billion dollars.

CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.

Investors are focused on whether SpaceX will be able to deliver on its ambitious artificial intelligence agenda.

And while billionaire CEO Elon Musk spun a web of lofty promises (as he is wont to do) about a future moon catapult and a space-based economy, it seems the company’s more practical businesses are the immediate focus now that it has a responsibility to shareholders.

Elon Musk said that SpaceX engineers building data centers was like the New York Yankees playing a Little League team.

For the first time, a Cybertruck will be waiting near the launchpad to transport the crew to safety in case of an emergency. NASA normally relies on MRAPs for the critical task, a specialized tactical military transport with a V-shaped hull that’s designed to withstand explosive blasts, heavy shrapnel, and toxic chemical fires.

None of the company’s most ambitious plans are possible without the success of its Starship rockets.

Everyone fixated on the valuation. The number that matters for your business is the boring one hiding underneath it.

On SpaceX's earnings call on Wednesday, CEO Elon Musk said that his company was committed to buying graphics processing units from Nvidia only.

SpaceX's first lockup expiration is scheduled for Aug. 6, 2026. Up to roughly 911.5 million shares held by company insiders will be eligible for trading. Here's what this could mean for investors in the world's second-largest communications services stock by market cap.