Breaking: SpaceX Beats Wall Street Estimates In Q2, Elon Musk Gears Up For Earnings Call
SpaceX reported second quarter results that smashed Wall Street estimates, but the company is still losing money. However, the Elon Musk-led company’s revenue almost doubled within a year. The firm reported a net loss of $541 million, or 9 cents a share, in the quarter that ended June 30. Analysts’ estimates of the loss were much larger at $1.9 billion or 23 cents a share. The revenue grew 92% from year-ago levels to $7.8 billion.