SpaceX Exceeds Revenue Estimates in First Public Earnings Report
SpaceX reported its first quarterly earnings as a public company, exceeding revenue estimates due to rising occupancy and declining expenses. Despite beating expectations, the stock experienced a decline in after-market trading, partly attributed to AI costs.
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SpaceX Exceeds Revenue Estimates in First Earnings Report Since IPO
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 Bloomber...
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