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Sharon AI (NASDAQ:SHAZ) secured a $529 million cloud computing deal with an unnamed international artificial intelligence group.

SpaceX stock fell after it disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. Bloomberg's Danny Lee breaks down the news.

Isao Teshirogi, President and CEO of Shionogi & Co said the company is eyeing more manufacturing sites in the US for next decade. 'We're actively pursuing minimum three deals today', he shared in an exclusive conversation with Bloomberg's Lisa Du.

Flutter Entertainment (NYSE:FLUT) reported second-quarter revenue of $4.326 billion, up 3%, while the company swung to a $296 million net loss.

Sinead O'Sullivan, Economist and Former Senior Researcher at Harvard Business School's Institute for Strategy and Competitiveness, discussed the current state and future prospects of SpaceX's Starship program. She emphasized that while investors remain optimistic, the technology is not yet fully developed due to the immense complexity of Starship compared to the Falcon rocket. She speaks with Romaine Bostick on "The Close."

Nate Baxter, CEO and President of Scott'sMiracle-Gro, appeared on the program following the company's recent investor day. He shared that although he has recently assumed the CEO role, his discussions with investors over the past eighteen months have maintained a consistent strategic message. He speaks with Romaine Bostick on "The Close."

Steve Westly, founder and managing partner of The Westly Group and a former Tesla board member, says SpaceX will be able to compete with the leaders in AI but it will not be cheap. He speaks on "Bloomberg The Close."

SpaceX's revenue exceeded Wall Street's expectations in the company's first quarterly financial report following its blockbuster initial public offering in June. Elon Musk's satellite, space and artificial intelligence conglomerate reported revenue of $7.8 billion on Tuesday, greater than than the $6.81 billion analysts polled by Bloomberg estimated on average. It also unveiled an operating loss of $1.26 billion from its AI business, which was less than expected. We get reaction from Bloomberg Tech host Ed Ludlow, and Mandeep Singh of Bloomberg Intelligence.

GraniteShares founder and CEO Will Rhind discusses the market reaction to AMD's and SpaceX's earnings report on "Bloomberg The Close."

SpaceX reports revenue of $7.8 billion for the second quarter, topping Wall Street estimates. But Elon Musk's company reported an operating loss of $1.26 billion from its AI business. Ross Gerber of Gerber Kawasaki Wealth and Investment Management says SpaceX is still a compelling stock to own. He speaks on "Bloomberg The Close."

Space Exploration Technologies (NASDAQ:SPCX) reported second-quarter revenue of $7.8 billion, up 92%, in its first earnings release since going public.

Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Carol Massar and Tim Stenovec.