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# Evening Scan
- URL: https://adjacent.media/scan/2026-08-05-pm/
- Published: 2026-08-05T23:07:33.000Z
- Updated: 2026-08-05T23:07:33.000Z
- Description: SpaceX’s first earnings report as a public company landed with a thud despite blowout numbers — revenue doubled, but a sevenfold jump in capex spooked investors enough to send shares down 7%.
- Author: Jonathan Greene
- Tags: #scan-pm, #scan

SpaceX's first earnings report as a public company landed with a thud despite blowout numbers — revenue doubled, but a sevenfold jump in capex spooked investors enough to send shares down 7%. Elsewhere, the afternoon was mostly consumer-earnings carnage: Pinterest, Coupang, and Match all got punished after hours.

> **$47.5B** — SpaceX's order backlog, the number bulls are pointing to while everyone else stares at the capex line. *(Axios)*

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#### [SpaceX doubles revenue on Anthropic and Google compute deals, Starlink growth](https://techcrunch.com/2026/08/04/spacex-doubles-revenues-on-anthropic-and-google-compute-deals-starlink-growth/?ref=adjacent.media)

AI segment revenue up 247% YoY looks great until you clock the $15.8B in AI capex behind it — the market clearly wanted growth without the bill. *(TechCrunch)*

#### [Pinterest reports Q2 revenue up 18% YoY to $1.18B, MAUs up 11% to 640M; PINS drops 8%+ after hours](https://www.cnbc.com/2026/08/04/pinterest-pins-q2-earnings-report-2026.html?ref=adjacent.media)

Beat on revenue, beat on users, still got sold off — a reminder that "in line" guidance is the new disappointing. *(CNBC)*

#### [Coupang reports Q2 revenue up 4% YoY to $8.9B and an operating loss of $556M due to a $409M data breach fine](https://www.bloomberg.com/news/articles/2026-08-04/coupang-s-losses-grow-after-fallout-from-data-breach-deepens?ref=adjacent.media) (paywall)

The breach keeps costing more than the crime — CPNG down 7%+ as the fine outweighs the top-line growth. *(Bloomberg)*

#### [Anthropic signs $10B deal with AI cloud startup Volta](https://techcrunch.com/2026/08/04/anthropic-signs-10-billion-deal-with-ai-cloud-startup-volta/?ref=adjacent.media)

Another mega-cloud commitment in a week already full of them — the only winner on the day. *(TechCrunch)*