SpaceX reports Q2 revenue of $4.29B from its connectivity division, which includes Starlink, $100B of cash and marketable securities, and a $47.5B order backlog (Nathan Bomey/Axios)

SpaceX’s second-quarter revenue rose sharply, propelled by strong growth in its connectivity segment that includes the Starlink service. The company disclosed $4.29 billion in connectivity revenue, holds roughly $100 billion in cash and marketable securities, and carries an order backlog of about $47.5 billion.

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