SpaceX Share Price: Revenue nearly doubles in first post-IPO earnings release, stock falls 7% in extended trading – Markets

SpaceX Share Price: Revenue nearly doubles in first post-IPO earnings release, stock falls 7% in extended trading - Markets


SpaceX reported revenue of $7.8 billion for the April-June quarter, nearly doubling from $4.1 billion in the corresponding period last year. Starlink, which contributed more than half of the company’s total revenue, recorded a 66 per cent increase in revenue, while SpaceX’s artificial intelligence business, which Elon Musk has identified as a key future growth engine, posted growth of around 250 per cent.



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