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The Latest Breaking News from Starlink

'Not looking good right now': Starship likely to be lost at sea 2 weeks after epic 13th test flight, Elon Musk says

SpaceX is still towing Starship's upper stage toward shore two weeks after its latest test flight, but the unprecedented effort is unlikely to succeed, according to Elon Musk.

Space

Elon Musk Is Asking Investors to Trust Him Again as SpaceX Focuses on More Than Just Space

SpaceX delivered a strong Q2 earnings report, but massive AI spending became the story investors couldn’t ignore.

Barchart

Elon Musk Wants Starlink To Take On T-Mobile, Verizon, AT&T—Here's Why That's Easier Said Than Done

SpaceX (NASDAQ:SPCX) President Gwynne Shotwell said on Tuesday’s earnings call that Starlink Mobile will begin service at the end of 2027, and that she expects to acquire “quite a few” customers from AT&T Inc. (NYSE:T), Verizon Communications (NYSE:VZ) and T-Mobile US (NASDAQ:TMUS).

Benzinga

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T-Mobile's CEO Just Dismantled SpaceX's Starlink Mobile Ambitions as Musk's Firm Pours Billions Into Buying Spectrum: 'What's Their Differentiation?'

T-Mobile US Inc. (NASDAQ:TMUS) CEO Srini Gopalan dismissed the threat from Elon Musk’s planned Starlink Mobile service as "exaggerated," questioning why consumers would leave established carriers even as SpaceX (NASDAQ:SPCX) promises higher bandwidth, satellite coverage and a terrestrial network aimed at winning customers from T-Mobile, AT&T Inc. (NYSE:T) and Verizon…

Benzinga

Starlink might be less of a threat to mobile operators than Elon Musk claims

Elon Musk claims that Starlink could soon deliver a better service than the US’s mobile operators, but T-Mobile’s CEO disagrees.

TechRadar

Eric Trump Defends SpaceX After Bloomberg Op-Ed Slams Starlink as 'Overpromising and Underdelivering'— Elon Musk Backs Him Up

On Thursday, Eric Trump pushed back against criticism of Space Exploration Technologies Corp’s (NASDAQ:SPCX) Starlink service, arguing the company’s broader achievements in space exploration far outweigh concerns raised in an Opinion column.

Benzinga

Elon Musk Says the Fight to Stop Rockets From Exploding Into Tiny Pieces Is Why SpaceX Will Crush Data Centers Like the Yankees Playing ‘Little League’

Elon Musk says SpaceX’s rocket engineering gives it a major edge in AI data centers, arguing the company solves far harder problems every launch than competitors face building terrestrial infrastructure.

Barchart

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Elon Musk Stock Crash Erases 87 Billion Dollars as SpaceX AI Infrastructure Costs Surge Sixfold

Elon Musk's net worth dropped by an estimated $87 billion in a single day after SpaceX stock plunged on its first post-IPO earnings.

International Business Times UK

Northwood Space's Bridgit Mendler on the next chapter for space startups

Bridgit Mendler—a Harvard and MIT grad who cofounded Northwood in 2022—draws attention for her childhood as a Disney Channel star. But she’s chasing one of the most granular (and most vital) space economy problems.

Fortune

SpaceX Stock Faces Biggest Test Since IPO as 911.5 Million Insider Shares Unlock Thursday

SpaceX's first major share unlock since its IPO gives insiders access to sell as markets weigh supply risks after mixed investor reaction to earnings.

International Business Times UK

SpaceX's Biggest Victim Yet? Starlink's 55-Year-Old Rival Files for Bankruptcy

SpaceX (NASDAQ:SPCX) has reshaped the satellite and space industry, and its first earnings report since going public highlighted plans to expand that disruption. One early casualty may be Hughes, the satellite internet business owned by EchoStar Corporation (NASDAQ:ECHO), which filed for Chapter 11 bankruptcy ahead of SpaceX’s report.

Benzinga

Elon Musk: 'At some point, Starlink will deliver a majority of the world's internet,' but that promise hinges on launching thousands more next-gen satellites and the massive Starship working as promised

Starlink head Elon Musk believes he can serve most of the world's Internet in less than a decade, but is that claim realistic?

TechRadar

SpaceX Lockup Expiry Could Send a Gentle Jolt Through QQQ, Nasdaq ETFs

Beginning Thursday, the proportion of SpaceX’s (NASDAQ:SPCX) shares available for public trading is set to rise from less than 5% to more than 12%, with more lockup expirations scheduled for Aug 20 and late September. The expanding free float could gradually increase the rocket company’s weight in float-adjusted indexes such…

Benzinga

SpaceX's AI Spending Has Rattled Investors. Its Stock Is Sinking.

SpaceX stocks are sinking on Wednesday following its earnings report.

International Business Times

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The Economic Times

SpaceX shares tumble 12%, fall below IPO price as AI spending concerns mount

SpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns regarding future funding for data centers. Following its IPO, the company's stock saw a significant drop. Despite this, AI revenue surged over threefold, and new cloud agreements were announced. The capital invested in AI is still high,…

International Business Times UK

Elon Musk Admits Moon Robot Plans Sound 'Totally Nuts' as SpaceX Shares Tank on Debut Earnings

SpaceX's earnings report reveals strong revenue but heavy AI spending, causing shares to drop. Elon Musk shifts focus to ambitious plans for Moon factories, sparking investor debate.

Benzinga

Former Tesla Board Member Says xAI Can 'Break In With the Big Boys' Anthropic, OpenAI and Google— but There’s a Catch

Former Tesla Inc. (NASDAQ:TSLA) board member Steve Westly said Elon Musk’s xAI could challenge Anthropic, OpenAI and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, but warned that entering artificial intelligence’s top tier will demand heavy spending and execution.

The Independent UK

The real reason SpaceX shares are tanking after out-of-control rocket smashes into moon

The first financial report released by Elon Musk’s space and AI firm is having a bigger impact back on Earth

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The Economic Times

SpaceX posts 92% revenue surge, but stock tumbles 7% in after-hours. Here's why

SpaceX reported a strong debut quarterly performance as a public company, with revenue surging 92% year-on-year to $7.8 billion in the April–June quarter, driven by robust growth in its Starlink and AI businesses. Despite the strong earnings, the stock fell in after-hours trading as investors reacted to a sharp rise…

International Business Times UK

Elon Musk Mocks Bears as SpaceX Stock Jumps 9%, Beats Revenue Estimates: 'I Try to Warn Them'

SpaceX's stock performance is impacted by its latest financial results, short selling dynamics, and Elon Musk's strategic moves, as the company faces a crucial share unlock this Thursday.

Euronews

SpaceX posts smaller-than-expected loss despite scrutiny over AI spending

The rocket and satellite company beat Wall Street's loss forecasts in its first quarterly report as a public company, even as investors question its heavy AI spending and whether Elon Musk has oversold its prospects.

Benzinga

SpaceX CEO Elon Musk Thinks People Underestimate Starlink and That Is a 'Big Deal'

Space Exploration Technologies Corp. (NASDAQ:SPCX) CEO Elon Musk said Tuesday that people are underestimating Starlink’s long-term potential and believes the satellite internet network could eventually deliver a majority of the world’s internet traffic in less than a decade.

Benzinga

Elon Musk Ties Tesla's Optimus to Starlink's Next Growth Phase: 'The Appetite for Bandwidth Will Be Much Greater'

Elon Musk said on Tuesday that artificial intelligence (AI), humanoid robots and autonomous vehicles will dramatically increase demand for network bandwidth, arguing the world will need far more connectivity than ever before.

International Business Times UK

'Never Bet Against Elon': Peter Diamandis Believes SpaceX Could Reach $10 Trillion

Peter Diamandis says SpaceX could become the world's first $10 trillion company as Starlink, AI, reusable rockets, and vertical integration fuel its long-term growth.

Benzinga

Elon Musk Pulls Forward $1 Trillion Revenue Target for SpaceX as Revenue Jumps 92% — 'There's a Non-Zero Chance…'

Elon Musk on Tuesday said that Space Exploration Technologies Corp.’s (NASDAQ:SPCX) in-house forecast for hitting $1 trillion in annual revenue has been pulled forward to 2030 from 2031.

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