Reselling NVIDIA GPU computing power is more profitable than launching rockets and satellites! Musk releases SpaceX’s first-ever financial report.

Meanwhile, short positions on SpaceX surged rapidly in the market. S3 Partners—the world’s leading U.S. equity short-selling and securities lending data provider—estimated short interest at approximately 206 million shares, accounting for about 32% of publicly tradable shares. Elon Musk was reportedly furious—almost ready to jump up and down. He warned short-sellers, stating that institutions maintaining large, long-term short positions have an "extremely low survival probability." SpaceX Is Earning Big as an AI Cloud Service Provider Indeed, SpaceX’s AI business is thriving. In Q2 this year, SpaceX reported revenue of $7.814 billion, a 92% year-on-year increase—surpassing market expectations of roughly $6.9 billion. Adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) reached $3.538 billion, up 191% year-on-year. Notably, the AI business stepped into the spotlight—and delivered outstanding performance. AI-related revenue for the quarter totaled $2.561 billion—nearly one-third of total revenue—and surged 247% year-on-year and 213% quarter-on-quarter. This segment not only exceeded the $6.9 billion market expectation but also posted the highest growth rate across all company businesses—rapidly becoming SpaceX’s second-largest revenue source. The earnings report shows AI advertising revenue stood at $367 million—down slightly year-on-year. Thus, this round of AI revenue growth did not primarily stem from advertising. Rather, it was driven by "AI solutions and infrastructure" revenue, which hit $2.194 billion for the quarter. The company stated in its earnings report that newly signed cloud service agreements generated $1.6 billion in incremental AI infrastructure revenue during the quarter, while the total value of signed, non-cancellable contracts amounted to $14.1 billion. The report did not disclose, customer-by-customer, which clients contributed to the $1.6 billion. However, previously announced partnerships have already outlined the contours—with Anthropic and Google identified as the two primary customers. One can’t help but marvel: SpaceX is rapidly evolving—from operating internal infrastructure used to train Grok—to becoming an external AI cloud service provider selling computing power. During the post-earnings analyst call, Musk remarked, "We expect the pace of AI development to accelerate significantly." Strongest Growth, Heaviest Capital Expenditure The company opened an online Q&A platform for investors, where questions were ranked by popularity. Notably, "When will the AI business become profitable?" ranked relatively low—indicating retail investors’ greater interest in technological vision than near-term financial results. Yet some practical realities cannot be ignored. SpaceX’s current model—relying on cash flow from satellite operations to fund AI expansion—remains unchanged: In Q2, although AI revenue grew rapidly into the $2+ billion range, it remained clearly insufficient to cover associated expenditures. The earnings report shows SpaceX’s quarterly capital expenditure totaled $18.369 billion—of which $15.828 billion, or roughly 86%, was allocated to AI. This AI-related capex exceeds the quarter’s AI revenue by over six times—and even surpasses the company’s total quarterly revenue by more than double. Moreover, day-to-day operational expenses related to AI constitute only a small fraction of AI spending; the overwhelming majority is directed toward AI infrastructure—accounting for approximately 86% of total capital expenditure.

QuTime Cloud Meetings Help Listed Companies Successfully Host Annual Performance Briefings.

On April 14, SAIC Motor held its 2019 Annual Performance Exchange Conference via telephone conference. Coincidentally, since April, 25 major enterprises—including China Eastern Education, Chongqing Rural Commercial Bank, and China Ship Leasing—have all opted for online formats to share their 2019 annual performance with investors. If SAIC Motor’s performance briefing—attended by 887 participants—represented only a modest test of cloud meeting capabilities, then Darli Foods’ post-briefing NDR (Non-Deal Roadshow) with 15,986 attendees, China旭阳 Group’s performance exchange with 32,486 participants, and Haitong Real Estate’s Yuzhou Property briefing with 24,295 attendees—these were unequivocal, rigorous stress tests of remote conferencing technology. Behind the smooth execution of all these meetings stood QuTime Cloud Meetings. "For investment analysts, ‘time’ matters more than anything else. QuTime’s teleconference service not only saves investors precious time but also allows them to fully experience QuTime Cloud Meetings’ efficient interactive and collaborative workflow," remarked a fund manager who uses QuTime Cloud Meetings. As these are industry-wide performance exchange events, multinational communication is naturally indispensable for large enterprises engaged in international business. Beyond time-zone differences, cross-border meetings face additional challenges—including network environment disparities caused by geographical distance, video lag, and audio disconnections—all of which significantly impact meeting quality. The successful hosting of numerous Hong Kong-based corporate meetings—including Beijing Automotive’s 2019 Annual Performance Report Conference for Institutional Investors and Analysts, Taixing Group Holdings’ 2019 Full-Year Results Announcement Investor Conference, and 999 Group’s 2019 Annual Report—was made possible by QuTime’s "distributed deployment" technical solution. This approach enables local access points to distribute capacity load, ensuring stable and seamless meetings—whether spanning continents or crossing time zones.

Quaker Houghton Schedules October 30 Earnings Call Webcast

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Quaker Chemical Corporation will release Q3 2026 earnings on October 29, followed by an investor call on October 30 at 8:00 a.m. ET, featuring a live webcast and digital replay.

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