Space / Defense • 3h ago
SpaceX posted its first earnings report as a public company on Tuesday. The company increased revenue by 92 percent year-over-year to $7.8 billion for the quarter, and it reduced net losses to $541 million, down from $1 billion a year ago.
That looks great until you see the spending. Capital expenditures related to its xAI unit, which runs the Grok service, hit $15.8 billion, more than double what they were in the first quarter. The AI arm is now the story. The division previously known as xAI generated $2.56 billion in revenue, an increase of 247 percent, driven by cloud deals with Anthropic and Google to use its data centers.
Investors didn't love the tradeoff. SpaceX shares soared when the company debuted in June, but since then the stock has shed $1 trillion in value and has been trading below its IPO target price. Watch this week: the earnings release will be followed by the unlock of 911 million shares previously subject to restrictions. More shares hitting the market means more pressure on a stock already falling.
Source: Engadget
AI / Machine Learning • 3h ago
AMD reported earnings Tuesday and topped every number. Revenue came in at $11.536 billion versus $11.284 billion expected, with earnings per share of $1.66 against $1.62 expected. The engine is AI. Data Center revenue reached $6.7 billion, up 107% year-over-year, now 58% of total revenue.
The stock still fell after hours. AMD said it expects about $13 billion in revenue for the current quarter, but some analysts had been looking for guidance as high as $14 billion. When a stock has doubled, meeting expectations isn't enough.
Here's what matters next. AMD will start shipping Helios, its first rack AI system, this quarter to companies like Meta, OpenAI, and Oracle — its first rack-scale system that competes with Nvidia's complete systems, not just its chips. That's AMD trying to become a real second option in AI compute.
Source: CNBC
Consumer Tech • 12h ago
Apple filed a fresh legal challenge against the UK government this week. The company is fighting an order requiring access to encrypted cloud backups belonging to British users.
Apple submitted the complaint to the UK's Investigatory Powers Tribunal in July 2026.
This is round two. The Home Office previously agreed to drop its original demand covering UK and U.S. customers after a diplomatic row with Washington, then issued a new notice limited to UK users. Apple's argument is simple. Any exceptional-access system would create risks beyond its intended government use, becoming a target for cybercriminals, hostile governments, or insiders.
If you use iCloud in the UK, this decides whether your backups stay private. Apple already disabled Advanced Data Protection for new UK users, and current users will eventually need to disable it too.
Source: CNBC
Robotics / Hardware • Yesterday
Figure released a demo this week showing its F.03 humanoid climbing a ladder without human control. CEO Brett Adcock posted that the robot can now climb a ladder, fully autonomous, and the demonstration attracted attention from AI researchers describing it as good progress.
Treat it with some skepticism. Figure has not disclosed technical details about the underlying system, and the demonstration has not been independently verified.
Numbers back the momentum, though. As of August 2026, Figure 03 is past 1,000 units, with AgiBot at 15,000 cumulative and Optimus Gen 3 entering a low-volume ramp. Warehouses and factories are the target, and ladders are how you reach the top shelf.
Source: Interesting Engineering
Biotech / Health Tech • Yesterday
The FDA approved a new ADHD treatment this week. The agency approved the first once-daily triple reuptake inhibitor for ADHD, introducing a novel treatment option for both children and adults.
Why care now? Most ADHD drugs work on one or two brain chemicals. A triple reuptake inhibitor targets three at once, which gives doctors and patients a different tool when current options fall short.
If you or someone you manage takes ADHD medication, this widens the menu. New mechanisms mean new choices for people who don't respond to stimulants.
Source: Lambda Biologics
Startups / Business • 5h ago
Palantir had one of the biggest single days of any tech stock this year. Shares leapt 29.45% to finish at $162.66, boosting its market capitalization by almost $88.8 billion on August 4. The trigger was earnings. Palantir surged after delivering blockbuster quarterly results and raising its full-year outlook.
The irony is loud. After a quarter that delivered $1 billion in profit, CEO Alex Karp again warned that AI frontier labs are too untrustworthy for enterprises. Palantir sells the software that sits on top of those models. Karp's pitch is that companies want a middleman they trust, and Tuesday's numbers say enterprises are buying it.
Source: TS2
Robotics / Hardware • Yesterday
This is the clip everyone in robotics passed around this week. Figure's humanoid grabs the rungs, shifts its weight, and climbs — no teleoperation, no strings.
Adcock used the moment to throw a punch at rivals. He argued that wheeled robots are an utter dead end, saying legged humanoids are better suited for environments designed for humans, such as factories, warehouses, offices, and homes. Whether you agree or not, this is the kind of clip that makes the case for legs in one shot.
Source: Interesting Engineering
Snap Snap surged 10% after hours as Q2 revenue of $1.6B beat by 4% and adjusted EBITDA jumped sixfold to $250M, showing the April restructuring that cut 1,000 jobs is working. Its Specs AR glasses launch September 16.
DeepSeek DeepSeek released V4-Flash on July 31, retrained with an improved pipeline focused on coding, AI agents, and tool use. If you build with open models, it's worth a look this week.
GitHub GitHub deprecated Gemini 2.5 Pro and Gemini 3 Flash across Copilot experiences, guiding users to supported replacement models. Check your Copilot settings before your workflow breaks.
$15.8 billion — SpaceX's Q2 capital expenditures tied to its xAI unit. That's more than double what they were in the first quarter.
Thanks for reading. See you tomorrow.