Guardian World
Guardian World
UK · 6 hrs ago

SpaceX beats revenue expectations in first earnings report after IPO crash

Company posts $7.81bn in revenue, a jump of 92%, after share prices crashed following IPO debut For the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk-run business reported its second quarter earnings on Tuesday, saying that its revenue jumped 92% since June. SpaceX beat Wall Street’s expectations, reporting $7.81bn in revenue, versus analysts’ predictions of $6.93bn. It also reported a loss of $541m,…
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