The baseline loss estimate was $395 million, with a range of $204 million to $490 million depending on how unsold tokens were valued.
StoneX raised its rating to Buy from Hold, saying operating leverage and valuation outweighed a lack of organic growth.
Net sales grew 5.2% on a reported basis and 4.7% on a comparable basis; comparable operating profit was €0.23 billion.
SpaceX’s reliance on Anthropic highlights potential revenue volatility, while Anthropic’s massive investment underscores AI’s growing compute demands. The post SpaceX names Anthropic as its largest
The company expects a 39% gross margin in Q4, while its 44%-46% financial model applies to 2027-2028.
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