SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial results. The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing. Key points and original sources are listed below.

• SpaceX posted $7.8 billion in quarterly revenue, surging ahead of the $6.9 billion consensus, as Starlink subscribers doubled to 12 million and $14.1 billion in new AI contracts turbocharged financial results.S1

• The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing.S2