Fast Company
US · 38 mins ago
SpaceX posts strong revenue in first earnings report since IPO
SpaceX reported it lost more than half a billion dollars in its first quarterly report as a public company, but the loss was less than Wall Street expected and revenue soared.
The company run by Elon Musk reported a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had expected. Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period.
Musk will field questions from investors and financial analysts soon on a…
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