The Globe and Mail reports in its Wednesday, Aug. 5, edition that SpaceX said on Tuesday that its quarterly revenue nearly doubled to $7.8-billion, up from $4.1-billion a year ago, with operating losses narrowing to $143-million from $970-million, largely due to growth in its Starlink and artificial intelligence businesses (all figures U.S.). A Reuters dispatch to The Globe reports that average revenue per subscriber, however, dropped 22 per cent as the company expanded into international markets and introduced lower-priced plans. Second quarter revenue beat expectations of $6.93-billion. SpaceX posted a net loss of $541-million attributable to shareholders for the three months ended June 30. SpaceX said it spent $18.37-billion on AI infrastructure, Starship and Starlink expansion. SpaceX's stock has declined 8 per cent since its record-breaking initial public offering in June that valued the company at about $1.75-trillion. The stock could face additional pressure from the expiry of SpaceX's post-IPO lock-up period starting on Thursday, which may unleash a wave of insider and early-investor shares on the market. Investors are watching whether SpaceX can maintain growth while improving the economics of its network.