THE FUSE

SpaceX has published its first earnings report since going public on June 12. The company's Q2 topline is broadly positive. As a whole, SpaceX increased revenue by 92 percent year-over-year, bringing its total revenue for the quarter to $7.8 billion. The company also shaved the gap between its revenue and operating expenses by more than half, reducing net losses to $541 million, down from $1 billion a year ago. But digging deeper, the financials reveal just how expensive is to run an AI company.