SpaceX posted Q2 losses of $541M (17.9B THB), better than Wall Street forecasts, with revenue surging 90% YoY to $7.8B driven by Starlink internet services reaching 12M users. However, R&D spending soared to $18B (from ~$3B), and investors remain concerned about valuation, Elon Musk's space/AI ambitions, and upcoming insider selling pressure. The company targets $1 trillion annual revenue by 2030—a 3-year acceleration.
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