A Wall Street Journal report said SpaceX CEO Elon Musk ordered the Starlink throttling that blindsided Ukraine's air assault forces last week, despite Musk's claim that all decisions on the military version of Starlink are made by the US military and President Trump.

Trump denied ordering the restrictions. While Musk may have spoken to Trump and administration officials before the decision, The Wall Street Journal reported yesterday that Musk made the final call. The decision came after both Musk and Trump criticized Ukraine for attacking Russian diesel refineries.

"Elon Musk ordered the slowdown of a military-grade version of Starlink relied on by Ukraine, a decision that sparked panic in Kyiv and confusion inside the Trump administration," the WSJ wrote, citing unnamed US officials and people familiar with the matter. The report said that "Musk capped the speeds at which Ukrainian hardware could stay connected to the satellite-based network... rendering some offensive drones and interceptor drones virtually useless."

Read full article

Comments

© Getty Images | Bloomberg

In its current iteration, SpaceX is largely a data company seeking to provide enormous amounts of compute for artificial intelligence. During an earnings call on Tuesday afternoon, company officials spent much of their time discussing ambitious plans to roll out up to 10 GW of compute in 2027—on the ground.

Gone are the days of aspirational talk about sending humans to Mars and settling the red planet. Now it is almost all about artificial intelligence and the data needed to support its expansion. However, the company's long-term ambitions to provide data services from space, initially with the Starlink Internet constellation and eventually through the "Starmind" data center constellation, still rely on an actual rocket.

That would be the Starship vehicle, and during the earnings call, SpaceX founder Elon Musk and the company's president and chief operating officer, Gwynne Shotwell, provided new performance targets for the vehicle.

Read full article

Comments

© SpaceX

In its current iteration, SpaceX is largely a data company seeking to provide enormous amounts of compute for artificial intelligence. During an earnings call on Tuesday afternoon, company officials spent much of their time discussing ambitious plans to roll out up to 10 GW of compute in 2027—on the ground.

Gone are the days of aspirational talk about sending humans to Mars and settling the red planet. Now it is almost all about artificial intelligence and the data needed to support its expansion. However, the company's long-term ambitions to provide data services from space, initially with the Starlink Internet constellation and eventually through the "Starmind" data center constellation, still rely on an actual rocket.

That would be the Starship vehicle, and during the earnings call, SpaceX founder Elon Musk and the company's president and chief operating officer, Gwynne Shotwell, provided new performance targets for the vehicle.

Read full article

Comments

© SpaceX

An uninvited encounter in orbit exposes a new vulnerability in the war over satellite intelligence.

💾

SpaceX plans to turn on its direct-to-device (D2D) service in early 2028 after launching the second generation Starlink Mobile constellation during 2027 and integrating spectrum it is acquiring.

On its Q3 earnings call, president Gwynne Shotwell said the low-band spectrum SpaceX agreed to buy earlier this month and the Federal Communications Commission’s approval to launch 15,000 next generation V2 birds “pave the way for Starlink Mobile to become a major mobile carrier in the US”.

On 8 October, SpaceX struck a deal to buy up to 14MHz of paired spectrum in the 800MHz band to support its plans. The agreement with Grain Management is expected to close in the first half of 2027, subject to regulatory approval.

Shotwell indicated comments on the previous quarter’s call covered smaller radios for the D2D service, which she described as not quite tower capable, that SpaceX could place on homes and businesses where Starlink is already installed.

“So, it’s not just the spectrum that we’ve talked about with the S-band,” she said on yesterday’s (20 October) earnings call. “We will basically leverage the real estate from Starlink installs and other towers.”

SpaceX plans to pair its satellites with ground-based radios to provide 5G mobile coverage, a plan many executives in the industry consider far-fetched.

When asked about the roles the satellite and terrestrial networks will play for the D2D service, CEO Elon Musk said a more detailed presentation may be needed to explain Starlink’s connectivity strategy and why the company believes it could eventually generate several hundred billion dollars in annual revenue.

“You are missing some of the pieces that we know about internally,” he said. “I can say we do see a clear path to several hundred billion dollars a year in connectivity revenue, but I think we should probably describe that in more detail in a forum that’s not limited to a few minutes at an earnings call.”

Q3 numbers
SpaceX reported net income of $4.4 billion for Q3 (ending 30 September), compared with a $1.1 billion loss a year earlier, as revenue more than doubled to $14.6 billion, driven largely by its AI business.

It was the company’s second earnings report since its June stock market listing. Revenue was up 161% year-on-year.

The Super Intelligence segment, previously reported as AI, accounted for around $6.7 billion of the roughly $9 billion increase, with revenue rising to $7.6 billion from $813 million. SpaceX attributed the segment’s growth to new cloud services agreements, the Cursor acquisition and growing use of Grok.

Income from operations was $2.8 billion, compared with a $273 million loss a year ago, and adjusted EBITDA was $8.8 billion, up 306%.

Connectivity revenue rose 69% to $5.2 billion and operating income climbed 99% to $2.4 billion.

Starlink had 13.6 million consumer broadband subscribers, up 1.6 million in the quarter and from 7.2 million in Q3 2025.

For its direct-to-device service, Shotwell said Starlink Mobile surpassed 22 million monthly users at the end of the quarter, up 37% from the previous quarter.

SpaceX remains loss-making for the year to date, with a nine-month net loss of $413 million.

The post SpaceX targets early 2028 for own D2D service launch appeared first on Mobile World Live.

Quatro das maiores operadoras europeias querem unir forças para desenvolver uma alternativa à Starlink nas comunicações diretas entre satélites e telemóveis. A iniciativa surge num momento de crescente disputa pelo espectro destinado a serviços de satélite e de novas tensões entre a Europa e os Estados Unidos.

The post Operadoras europeias juntam forças para fazer frente à Starlink de Elon Musk nas comunicações por satélite appeared first on Tek Notícias.

Ukrainian troops have been caught off guard by restrictions on Elon Musk’s Starlink satellite Internet systems that disrupted frontline operations, while Kyiv received no warning from its partners of a Russian missile attack on its energy facilities for the second day running, according to Ukrainian officials.

Starlink terminals used by Ukrainian drone units began experiencing signal failures at speeds above 160 km/h, disrupting several missions early on Wednesday morning, according to military personnel and senior Ukrainian officials.

“Logistics at the frontline and middle strikes are badly limited,” one senior official familiar with the situation on the front told the FT. Ukraine’s middle strikes target Russian military supply lines and logistics. The limitations came with “no warning, just in the middle of the night,” the official said.

Read full article

Comments

© NurPhoto / Contributor

Space has plenty of room for more megaconstellations, but only if all operators are willing to share information about where their satellites are and where they're going, a top executive at SpaceX and its AI subsidiary said this week.

Michael Nicolls, SpaceX's vice president for Starlink and president of Elon Musk's artificial intelligence company, xAI, used a presentation Tuesday at the International Astronautical Congress in Turkey as a clarion call for improved data-sharing among satellite operators.

SpaceX's Starlink constellation now has more than 11,000 satellites, about two-thirds of all active spacecraft in low-Earth orbit. Radars and telescopes routinely track thousands more pieces of space junk.

Read full article

Comments

© SpaceX

The world's largest retailer wants to sell you something else—Internet from space.

Amazon has been developing a constellation of satellites to deliver broadband Internet from low-Earth orbit for the better part of a decade, and the company is just about ready to pull back the curtain. It is entering a market that SpaceX, with its Starlink Internet, has dominated for the last half-decade. Amazon's debut into satellite Internet is being closely watched, not just by some consumers, but by businesses ranging from airlines to shipping companies to governments. Broadband Internet from orbit has proven broadly useful for a lot of purposes, from video games to commerce to warfighting.

But until now, most people had to buy it from Elon Musk and SpaceX. OneWeb has only offered limited services, leaving Amazon as the only real competitor to deliver high-speed Internet globally. Moreover, at the head of the company's broadband efforts is Rajeev Badyal, who led Starlink during its early years, but whom Musk fired eight years ago for moving too cautiously on Starlink.

Read full article

Comments

© Amazon Leo

Starship Aims for Orbit With Working Cargo Every Starship launched so far has followed a suborbital arc that

Pending regulatory approval, SpaceX said today it intends to launch its 14th Starship mission as early as September 22. This flight is notable, as it will be the first time that SpaceX attempts to launch the experimental vehicle into orbit.

The company set a target liftoff time of 7:15 am local in Texas (12:15 UTC), with a 75-minute launch window. Sunrise in Brownsville, Texas, is 7:17 am CT, so the launch could make for some striking imagery.

The super heavy lift rocket will be carrying 26 of the larger V3 Starlink satellites into an orbit 275 km above the Earth. In an update on its website, SpaceX said the Starship upper stage will seek to complete six orbits around the Earth before completing its mission after about 10 hours.

Read full article

Comments

© SpaceX

Pending regulatory approval, SpaceX said today it intends to launch its 14th Starship mission as early as September 22. This flight is notable, as it will be the first time that SpaceX attempts to launch the experimental vehicle into orbit.

The company set a target liftoff time of 7:15 am local in Texas (12:15 UTC), with a 75-minute launch window. Sunrise in Brownsville, Texas, is 7:17 am CT, so the launch could make for some striking imagery.

The super heavy lift rocket will be carrying 26 of the larger V3 Starlink satellites into an orbit 275 km above the Earth. In an update on its website, SpaceX said the Starship upper stage will seek to complete six orbits around the Earth before completing its mission after about 10 hours.

Read full article

Comments

© SpaceX

Welcome to this edition of The Intelligence Brief… This week, SpaceX launched USSF-153, a classified U.S. Space Force mission carrying a mysterious payload into orbit aboard a Falcon 9 rocket, highlighting the growing intersection between commercial spaceflight and U.S. national security operations. In our analysis, we’ll be looking at 1) what we currently know about the highly secretive USSF-153 mission, 2) how details surrounding its flight path may offer clues that classified satellites potentially based on SpaceX’s Starshield platform were aboard, 3) how the mission comes amid growing concerns about an emerging era of military competition and potential conflict in Earth’s orbit, and 4) why the launch represents another milestone for SpaceX as reusable commercial rockets play an increasingly important role in national security space missions.

Quote of the Week

“SpaceX’s ongoing work with the Department of Defense and other partners demonstrates our ability to provide in-space and on-ground capability at scale.”

– SpaceX Statement

If you enjoy the news and perspectives offered by The Debrief, make sure that you aren’t missing our stories by making us one of your “preferred sources” on Google News. You can simply follow this link to add The Debrief to your list of favorites, and you can read more about Google’s preferred sources in our article here.

---

RECENT NEWS from The Debrief

• Scientists challenge the lizard brain myth, revealing two distinct neural systems that may explain how mammalian brains evolved.
• Analysis of the 4,000-year-old Devil’s Arrows stone pillar monument has finally revealed the site’s mysterious origins.
• A recent discovery is revealing fascinating new insights about Tyrannosaurus Rex.
• Get all the latest stories from The Debrief, with more breaking stories at the end of this week’s newsletter.

---

A Classified Mission is Carried to Orbit

Earlier today, SpaceX launched a classified mission for the U.S. Space Force, which carried a mysterious payload to orbit on one of the company’s Falcon 9 rockets.

The mission, officially known as USSF-153, lifted off from Vandenberg Space Force Base in California at around 11:37 a.m. EDT on Thursday. Beyond that, little else is known about what, exactly, the classified payload carried aboard the Falcon 9 might have been.

Here’s a look at what we currently know about this morning’s secretive launch, and how it may be related to other recent developments involving the growing use of Earth’s orbit in the advancement of U.S. national security objectives.

USSF-153 Mission

According to the company’s website, SpaceX says the USSF-153 mission marks the 27th flight for the first stage SpaceX rocket booster supporting this mission.

The same booster was previously used for the launches of missions that included the Crew-7, CRS-29, PACE, Transporter-10, EarthCARE, NROL-186, Transporter-13, TRACERS, NROL-48, COSMO-SkyMED Second Generation FM3, and 16 Starlink missions, according to an update on the USSF-153 mission page.

“Following stage separation, the first stage will land on the Of Course I Still Love You droneship, which will be stationed in the Pacific Ocean,” the SpaceX update read, noting that it may be possible for sonic booms to be heard in the region around Santa Barbara and surrounding communities, adding that “what residents experience will depend on weather and other conditions.”

Clues About a Classified Payload

The launch was live-streamed by SpaceX, and the moment of takeoff of the classified mission was subsequently added to the company’s official X account. However, few additional details about the exact nature of the mission were revealed, although experts have noted that at least a few details about the rocket’s mission could be discernible from its planned flight path, offering some clues about what USSF-153 might be carrying.

Some outlets have noted the similarity between the current mission’s rocket-stage drop zones and those from past SpaceX Starlink Group 15 missions, which could mean that a group of classified satellites, possibly built using SpaceX’s Starshield satellite platform, may be part of what’s on board.

Serving as the national-security counterpart to the technologies driving SpaceX’s massive Starlink broadband constellation, the program reportedly uses the company’s existing satellite and launch technology to support national security missions. If this is indeed a part of USSF-153’s mission, it would add to the increasingly important role commercial space technologies are playing in U.S. military and intelligence operations.

A New Cold War in Space

Last week’s Intelligence Brief newsletter covered recent concerns about potential future conflict in space, which include the use of sophisticated military capabilities in space by the U.S. and foreign adversary nations.

Experts warn that Earth’s orbit might become a critical battlefield in future conflicts, with recent examples of technologies currently being tested for this that include China’s secretive Shenlong spaceplane, as well as the U.S. and its allies demonstrating similar “dogfighting,” rendezvous, and other potentially military operations in orbit.

Additionally, Russia’s longstanding pursuit of anti-satellite weapons adds to the emerging threats that may soon occupy Earth’s orbit. Although it remains unknown whether Thursday’s mission could be related to such capabilities and other technologies aimed at leveraging Earth’s orbit for military purposes, its classified nature does leave this possibility open.

A New Milestone for SpaceX

Finally, Thursday’s mission also represents a milestone in SpaceX’s busy 2026 launch schedule, with USSF-153 expected to become the company’s 104th Falcon 9 mission of the year.

Eighty of those launches have been dedicated to expanding the company’s ever-growing Starlink constellation, which now consists of more than 11,000 active satellites in low Earth orbit.

Despite the unusual secrecy surrounding its cargo, the USSF-153 launch showcases the new reusable commercial rocket industry SpaceX has developed, which is now frequently relied on by the U.S. military for carrying national-security hardware into orbit.

That concludes this week’s installment of The Intelligence Brief. You can read past editions of our newsletter at our website, or if you found this installment online, don’t forget to subscribe and get future email editions from us here. Also, if you have a tip or other information you’d like to send along directly to me, you can email me at micah [@] thedebrief [dot] org, or reach me on X: @MicahHanks.

Here are the top stories we’re covering right now…

Os maiores operadores europeus de telecomunicações estão a discutir a criação de um consórcio para disputar o espectro de satélite que a União Europeia quer reservar para serviços diretos ao telemóvel

The post Operadoras europeias alinham estratégia para levar comunicações por satélite aos telemóveis appeared first on Tek Notícias.

Russia's attempt to replicate SpaceX's Starlink satellite network seems to be moving as slowly as the front lines in eastern Ukraine.

The Rassvet program, often billed as Russia's answer to Starlink, started launching its first operational satellites earlier this year. Two launches, one in March and a second in July, have delivered 32 Rassvet satellites to low-Earth orbit, some 10 percent of the roughly 300 Rassvet spacecraft Russia aims to put into orbit by the end of next year to provide connectivity for military and civilian users. The company in charge of Rassvet, Bureau 1440, wants to deploy 924 satellites by 2035.

But none of the 32 satellites launched so far have reached the 500-mile (800-kilometer) orbit they were designed to operate in. The rockets that launched the first two batches of Rassvets released the satellites much closer to Earth, and the satellites were expected to use their own plasma engines to raise their orbits over the next few months.

Read full article

Comments

© Bureau 1440

SpaceX made Florida's Space Coast home to the world's busiest spaceport for a decade, but that will change this year. The company is significantly cutting the number of launches from Florida until Starship arrives, a senior SpaceX official confirmed Tuesday.

The Falcon 9 rocket has been SpaceX's workhorse, routinely launching batches of satellites for the company's Starlink network, primarily from launch pads at Cape Canaveral Space Force Station and NASA's Kennedy Space Center in Florida. There were 165 Falcon 9 launches last year—about three flights per week—and about 75 percent of them carried Starlink satellites.

This year is different. SpaceX has launched more missions from its West Coast launch pad at Vandenberg Space Force Base in California since January, and this trend will amplify for the rest of the year.

Read full article

Comments

© SpaceX

Mobile World Live (MWL) brings you our top three picks of the week as SpaceX CEO Elon Musk outlined Starlink’s global broadband ambitions, Verizon lifted the lid on the network behind the FIFA World Cup 2026 and the World Bank urged developing nations to boost AI adoption.

Musk targets global broadband domination with Starlink

What happened: Musk outlined plans to increase Starlink’s network capacity 100-fold, claiming the satellite broadband business could eventually “deliver a majority of the world’s internet”.

Why it matters:  The tech mogul said the goal hinges on the rollout of an expanded V3 satellite constellation capable of delivering around 10 times the performance of current V2 models. To support the plan, the company asked the US Federal Communications Commission (FCC) for approval to deploy up to 100,000 low-Earth-orbit V3 satellites, supplementing the roughly 9,600 V2 satellites already in orbit. Musk argued the additional capacity would allow Starlink to eventually carry a majority of global internet traffic in countries where the service is authorised to operate, while driving a tenfold increase in Starlink revenue even if revenue per bit falls by 90%. Quilty Space founder and CEO Chris Quilty told MWL that the company’s “bold claim” flouts its “prior statements that Starlink was most appropriate for rural user”. While V3 satellites are expected to provide a “10x boost”, he noted “aggregate network capacity is a misleading metric because capacity is geographically distributed while demand is geographically concentrated”. Earlier this week, SpaceX president Gwynne Shotwell claimed that Starlink Mobile could compete directly with operators including AT&T, Verizon and T-Mobile US using upgraded satellites and additional spectrum.

Musk targets global broadband domination with Starlink

Podcast: Inside Verizon’s World Cup connectivity

What happened: In the latest edition of the MWL podcast, Kavit and Justin sat down with Verizon wireless chief network officer Srini Kalapala, who detailed how the operator delivered connectivity as the official network provider for the FIFA World Cup 2026.

Why it matters: Earlier this month, the operator revealed its network carried almost 500TB of data across all US host stadiums, including 29.2TB during the final between Argentina and Spain. To handle demand, Verizon boosted stadium capacity by three to five times, installed thousands of under-seat antennas, deployed nearly 140 small cells around venues and fan zones, and laid 80,000 miles of fibre to transport broadcast feeds from all World Cup stadiums. In the podcast, Kalapala described the tournament’s “104 games in 39 days across 18 different stadiums in three countries” as “probably one of the largest projects that we worked on.” He explained Verizon had to ensure stadiums comprising 70,000 to 85,000 people could access “good quality mobile connectivity”, while also delivering “the most reliable network” for broadcasters and powering private 5G applications including referee cameras.

Podcast: Inside Verizon’s World Cup connectivity

World Bank urges lower income nations to grasp AI opportunity

What happened: The World Bank called on developing economies to accelerate AI adoption, arguing low-cost, locally adapted tools could accelerate economic development without requiring frontier models or hefty AI infrastructure investments.

Why it matters: In its World Development Report 2026: The Promise of Artificial Intelligence, the organisation said AI “could allow developing countries to do in a decade what might otherwise take a century”, provided governments address gaps in electricity, internet access, digital skills and institutions. World Bank SVP and chief economist Indermit Gill said AI has “thrown developing economies a lifeline”, but warned countries “must hurry” because the technology is “spreading faster and is more context-specific than earlier general-purpose technologies”. He added many high-impact use cases do not require large models or data centres, instead relying on “small, low-cost AI tools” tailored to local conditions. The report highlighted applications across healthcare, agriculture, tax collection and judicial services, while warning AI could also deepen inequality and weaken public trust without appropriate action. Foresight Communications Consultancy CEO Howaida Nadim argued the World Bank’s framework recognises that “greater opportunity lies in adopting proven tools and adapting them to local languages, data, institutions and development priorities”. She added “the next AI divide” might be “between those that successfully adapt AI to their development needs and those that remain primarily consumers of systems built elsewhere”.

World Bank urges lower income nations to grasp AI opportunity

The post The Friday File: Starlink; Verizon; World Bank appeared first on Mobile World Live.

SpaceX CEO Elon Musk (pictured) highlighted an ambitious growth plan for the company’s Starlink broadband service, forecasting a hundredfold increase in total delivered bandwidth driven by its next-generation V3 satellite constellation.

Speaking on SpaceX’s first earnings call as a public company, Musk and president Gwynne Shotwell detailed a long-term strategy to capture a majority of global internet traffic in accessible markets.

To support the push, the operator recently applied to the Federal Communications Commission seeking approval to deploy up to 100,000 low-Earth-orbit satellites for its V3 satellite network, supplementing the approximately 9,600 broadband V2 birds currently in orbit.

SpaceX’s Starlink broadband customers doubled to 12 million year-over-year despite price increases for the service. Starlink ended Q2 with service availability in 167 markets “with some very exciting announcements coming soon,” he said.

Those numbers are the tip of the iceberg, according to Musk.  

“This is a big deal,” he said. “It’s kind of hard for people to wrap their minds around this, but it’s not out of the question that at some point, Starlink will deliver a majority of the world’s internet, at least in countries where we’re allowed to operate.”

Musk stated individual Starlink V3 satellites deliver roughly 10 times the performance of V2 models. While V2 hardware typically maxes out between 100Mb/s and 450Mb/s depending on network congestion, the V3 constellation deployment is designed to unlock gigabit-class downlinks for standard end users.

Musk stated a V3 Starlink bird will launch on Starship flight 14, but this time they’ll enter an “operational orbit.” Last month’s Starship flight sent up a batch of V3 satellites as part of a suborbital test.

“The Starlink V3 satellite is about an order of magnitude more capable than the Starlink V2 satellite, which was already a very capable satellite,” he explained. “And we expect to launch about an order of magnitude more Starlink V3 satellites.

Combined with plans to launch 10 times as many V3 birds, the upgraded constellation is projected to increase overall bandwidth capacity by two orders of magnitude. He emphasised that even if revenue per bit decreased by 90%, the expansion will still drive a tenfold increase in Starlink revenue.

“It’s certainly a bold claim and one that contravenes the company’s prior statements that Starlink was most appropriate for rural users,” Quilty Space founder and CEO Chris Quilty told Mobile World Live. “Starlink V3 will provide a 10x boost, reaching 8Pb/s of downlink capacity, but aggregate network capacity is a misleading metric because capacity is geographically distributed while demand is geographically concentrated.”

AI compute capacity
SpaceX ended Q2 with 1.4 gigawatts of compute capacity, up from 1 gigawatt in the prior quarter and 400 megawatts a year ago.

“We expect to end this year with over 2 gigawatts of compute,” Musk stated.

Asked about the outlook for compute capacity, Musk revised his earlier target upward on the call. Rather than the roughly 10 gigawatts previously floated for the end of 2027, he said SpaceX is now aiming for approximately 15 gigawatts of power and cooling capacity online by the end of next year, with a stretch goal of 20 gigawatts.

“We’re actually aiming to far exceed that gigawatt number in terms of power online, power cooling, and electrical equipment,” he explained.

“I don’t think we’re going to achieve 20 gigawatts, but we want to have a series of projects that cumulatively come to 20 gigawatts by the end of next year,” he added. “Our goal is to have far more power, cooling, and electrical equipment than we have GPUs. That’s a logical thing to do given the relative expense of GPUs.”

He said SpaceX is taking the expertise it uses for rockets and satellites and applying it to scaling terrestrial data centres.

“SpaceX as a company is incredibly good at hardware,” Musk said.

Going forward on data centres, Musk said SpaceX has decided “to build exclusively on Nvidia, because we think the Vera Rubin is the best architecture.”

The post Musk targets global broadband domination with Starlink appeared first on Mobile World Live.

Another wave of constellations has staked claims for communications satellites in non-geostationary orbit (NGSO), but what hope do newcomers have alongside the industry’s entrenched, vertically integrated giants? A mix of […]

The post Finding room in Starlink’s shadow appeared first on SpaceNews.

SpaceX shares dropped on Wednesday after Elon Musk’s plans for blockbuster spending to position his AI and rocket company as a data center developer spooked investors.

SpaceX surpassed analysts’ expectations in Tuesday’s debut earnings report, posting quarterly revenues of $7.8 billion, well above analysts’ estimates of $6.82 billion and up 92 percent from a year earlier. It posted a net loss of about $541 million, better than estimates of $2.12 billion.

But shares in SpaceX fell 10 percent in early trading after it reported capital expenditure of almost $16 billion on AI, double the previous quarter and well above Wall Street’s expectations. It said spending would persist at current levels for at least two more quarters.

Read full article

Comments

© Timothy A Clary/GEtty