Asian shares rise on AI boost despite setbacks

SpaceX reported its first publicly available quarterly results, revealing a 92% revenue increase to $7.81 billion and narrowing losses to $541 million. The company's revenue was significantly above expectations, driven mainly by Starlink and AI divisions, though it remains unprofitable overall. While the results support SpaceX’s valuation, high capital expenditures and ongoing investments in AI and infrastructure pose risks, with investors awaiting further evidence of long-term profitability.

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