The spacecraft are the online giant’s entry into beaming wireless service from space, but the company has much to do before it can compete with SpaceX’s Starlink.

© United Launch Alliance

In an email to employees, the company’s chief executive said the company had become bloated during its growth in recent years.

Other big technology companies have been boisterous in their courtship of the new administration. But Nvidia and Microsoft have avoided the Washington spotlight.

An apparent breakthrough in efficiency from the Chinese start-up did not make tech’s biggest companies question their extravagant spending on new data centers.

The tech giant’s revenue was up 12 percent to $69.6 billion, but investors are showing their nerves after a long boom for tech stocks.