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Results released after Tuesday’s close put AI services at the center of SpaceX’s revenue growth, while Starlink remained its main operating-profit contributor. The improvement is substantial, but expansion spending still far exceeds cash generated by the business.
The agreement offers a path to easing production risk, though its benefit depends on coverage and implementation. Micron rose 2% alongside chip stocks, leaving it down 17% over the past 21 trading days.
Nvidia stood out in mixed trading among related stocks, though it remains down 6.5% over the past two weeks. A premarket announcement about factory-built AI infrastructure may have helped support the rebound.