Sam's News — markets — 2026-08-05

TL;DR

• SpaceX reports first quarterly earnings with significant AI infrastructure spending
• US stock market hits record highs on earnings and geopolitical optimism
• Kenya stock exchange plans East Africa's first AI-focused exchange-traded fund

Funding

SpaceX reports first quarterly earnings with significant AI infrastructure spending

SpaceX's inaugural public earnings report reveals doubled revenue but substantial capital expenditures on AI compute infrastructure and Starlink expansion.

Sources: The Register RSS, BBC RSS, WSJ RSS, Investing.com Nigeria RSS, Ars Technica RSS, Yahoo Finance RSS

Markets

US stock market hits record highs on earnings and geopolitical optimism

The Dow and S&P 500 closed at fresh record highs as strong corporate earnings and hopes for a Strait of Hormuz deal with Iran boosted investor sentiment.

Sources: Pittsburgh Post-Gazette RSS, LancasterOnline RSS, NDTV Profit RSS, Reuters RSS

Kenya stock exchange plans East Africa's first AI-focused exchange-traded fund

Kenya's stock exchange is planning to launch East Africa's first artificial intelligence-focused ETF to provide investors exposure to AI sector growth.

Sources: Reuters RSS, Yahoo Finance RSS