People visit a booth of Unitree, one of China's largest humanoid robot makers, during the World Robot Conference at the Beijing Yichuang International Convention and Exhibition Centre in Beijing, Wednesday, Aug. 19, 2026. (AP Photo/Andy Wong)
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SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public company as it sharply boosted spending, particularly on artificial intelligence. The company run by Elon Musk posted a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had forecast. Musk will field questions from investors and financial analysts later Tuesday on a conference call. Stock in the rocket, satellite and AI company has fallen by roughly half since its June peak following a massive initial public offering that briefly made Musk the world’s first trillionaire.
Jersey Mike's Subs' CEO Charlie Morrison waits for his company's IPO on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)
Jersey Mike's Subs' chairman of the board of directors Peter Cancro, left, and Eli Manning, right, pose with a ceremonial bell before the planned IPO of Jersey Mike's Subs on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)