SpaceX beats expectations by posting revenue of $7.81bn in second quarter

Company beat analysts’ predictions with a revenue jump of 92% since June, following stock plummet after IPOFor 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...