The Guardian · 1 min read

After share price crash following IPO, SpaceX to report first earnings as a public company

After share price crash following IPO, SpaceX to report first earnings as a public company

The company will release its second quarter earnings on Tuesday, giving investors a look at its potential profitFor 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 reported a loss of $541m. Continue reading...

This is a summary aggregated from The Guardian. Read the complete article on the original site:

Read full article at The Guardian

More Startup & VC News