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Running 4h ↳ SpaceX stock tumbles post-IPO as Musk pursues AI, chip, and lunar manufacturing plans

SpaceX’s Earnings Show Elon Wiped Out Two-Thirds Of Twitter’s Ad Business

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Aug 11

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  • In Q2 of 2022, Twitter made $1.08B in ad revenue. Thanks to the SpaceX IPO, we learn that number was $367M in Q2 of this year. He destroyed 70% of Twitter’s ads business in under 4 years. Luckily for the investors who funded the acquisition, he bundled X into SpaceX/xAI and they made money anyway. https://www. techdirt.com/2026/08/10/spacex…

    carnage4life@mas.toMastodon · mstdn.party7h ago1▲view on Mastodon ↗

  • Musk delivering one-tenth of the Xitter ad revenues he promised ☠️👉🐤 https://www. techdirt.com/2026/08/10/spacex s-earnings-show-elon-wiped-out-two-thirds-of-twitters-ad-business/

    vij@sfba.socialMastodon · universeodon.com5h agoview on Mastodon ↗

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