finance.yahoo.com

Potential Tesla–SpaceX Merger Draws Debate After Strong Starlink Growth

SpaceX logoSpaceX
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Tesla logoTesla
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The company reported $7.8 billion in revenue, up 92% year over year, driven by a 66% jump in connectivity revenue to $4.3 billion as Starlink reached 12 million subscribers and a 247% rise in AI revenue to $2.6 billion. High $5.79 billion capex pushed free cash flow to negative $1.09 billion for the quarter. A potential Tesla–Space Exploration Technologies merger dated August 12 sparked debate, amid shifting institutional ownership.

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