SpaceX is chasing a $36 billion valuation

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SpaceX Starlink Speedtest results are early but impressive

Elon Musk’s companies have had their fair share of highs and lows in the public’s eyes but SpaceX may have lately taken the lion’s share of goodwill thanks to a series of successful launches and tests of its rockets and crew capsule.

spacex early presence

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After reporting Q2 earnings that showed a marked dip in ad revenue, Twitter has said its exploring alternatives, dangling the possibility of a subscription option. The social media giant reported ad revenues of $562M, down almost a quarter (23%) on a year ago as the pandemic and “civil unrest” had both contributed to the decline. Twitter CEO Jack Dorsey told investors it’ll likely run subscription “tests” this year

twitter revenue covid19 jack dorsey

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In Apple's case, the iPhone maker earlier expected to tally sales between $63 billion and $67 billion, even with early warning signs of the coronavirus showing disruption to manufacturing and supplies throughout China in December and January. Yahoo says analysts on average expect Apple to report profits of $2.28 per share from $54.7 billion in sales, a drop of more than 5% from the same time a year ago.

billion apples bad

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SpaceX's latest Starship prototype, named the SN3, suffered a catastrophic failure during a cryogenic proof test, which tests the spaceship's integrity by subjecting it to pressures similar to what it would face during a test flight. The company's founder and CEO Elon Musk posted on Twitter that the failure may have been caused by a faulty configuration.

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