Elon Musk’s SpaceX reports losses but less than expected
SpaceX, Elon Musk's company, reported a loss of $541 million in the second quarter as a public company, but this figure was less than analysts anticipated. Revenue significantly increased by over 90 percent year-over-year, reaching $7.8 billion and surpassing expectations.
The story so far
- Aug 4
How outlets cover it
3 outletsNot rated on the left–right scale. It describes Western party politics and doesn’t fit state media or outlets outside that system, so we show ownership and country instead.
Open questions and key claims
SpaceX reported $7.81bn in revenue for its second quarter, beating Wall Street expectations of $6.93bn.
SpaceX reported a loss of $541m in its second quarter.
SpaceX's stock has plummeted by 24% since its IPO, erasing nearly $500bn in market cap.
For the second quarter ended June, SpaceX is expected to report a net loss of $1.9 billion, or 23 cents a share.
SpaceX shares are down by half from their June peak.
More than 900,000 shares are released for trading on Thursday, more than doubling the amount currently available for trading.
Who and where
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6 articles · 4 outlets