🏠 Starship Isn't Like The Other Rockets
It's also a spaceship
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Big Tech Earnings SZN
It’s that time of the year again: the period when we can see which companies are actually doing well.
AKA: earnings season.
First up are giants, rivals, and AI enthusiasts, Alphabet and Microsoft.
Google’s parent company had a pretty good day at the office:
Revenue of $74.6B, beating expectations for $72.75B.
Earnings per share of $1.44, beating expectations for $1.32.
Google ad revenues of $58.14B, beating expectations for $57.5B.
YouTube ad revenues of $7.66B, beating expectations for $7.41B.
Google Cloud was profitable to the tune of $395M.
Not much to complain about there if you’re a Googler, and the result of all this good news was a 6% jump in after-hours for a stock already up 40% this year.
Contrary to Alphabet, Microsoft’s earnings were more of a mixed bag:
Revenue of $56.19B, beating expectations for $55.47B.
Earnings per share of $2.69, beating expectations for $2.55.
Cloud revenue of $23.99B, beating expectations for $23.79B.
Personal computing revenue of $13.91B, beating expectations for $13.58B.
Forecast of $54.30B in revenue next quarter, lower than the $54.94B expected.
Even with all of the expectations beating last quarter, the poor forecast for next quarter led to the stock slipping 4% in after-hours trading.
The Big Picture: Alphabet and Microsoft’s earnings foreshadow a strong last quarter for the mega tech companies. Let’s see if Amazon, Meta, and Apple’s earnings confirm that thought.
Starship The Spaceship
When it comes to space travel, Starship is as revolutionary as it gets. The largest rocket known to man could:
Put people on Mars.
Send ridiculous amounts of payload to space.
Serve as a high-speed point-to-point terrestrial transport for equipment or people (shoutout ArsTechnica).
That’s all dope, but would you like another?
How about turning Starship into a commercial space station?
This is particularly interesting because the International Space Station (ISS) is being decommissioned in 2030, and there are no government plans to build another. So, it’s up to the private sector to build a replacement.
Obviously, there are a lot of hurdles to SpaceX’s Starship spaceship plans. It’s a tiny bit more complicated than just saying it’s a space station now.
But, SpaceX isn’t the only company attempting to fill the ISS-sized hole. Nanoracks, Blue Origin, Northrup Grumman, and Axiom Space are all working on their own commercial space station.
That’s a lot of brainpower working on this problem.
And for those of us who want to see Humans become an interstellar species, it’s an encouraging sight.
The Big Picture: It’s a great time to be a space enthusiast, as the space (ha get it?) is as hot as it’s been in a long time.
What else is going on?
Rabbit hole: What Do I Think About Biometric Proof Of Personhood? (Vitalik Buterin)
😂 WACKY AI WEDNESDAY
🤥 3 LIES & A HEADLINE
News is so weird these days. Three of these headlines are fake stories from The Onion while one is actually true. Can you spot the truth amongst the fakes?
A. Heatwave Causes Roast Birds To Fall To Earth In Perfect V-Formations
B. Ohio Plastic Surgeon Who Livestreamed Operations On TikTok Loses Her Licenses.
C. Trump’s Legal Woes Mount After Getting $35 Ticket For Public Urination
D, Congress Warns Shrimp Imported From China Could Be Spying On Americans
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