SpaceX Just Guided for A $100B Run Rate by December and $1 Trillion of Revenue by 2030. Here's Why the Stock Is Getting Crushed Anyway
SpaceX just reported its second-quarter earnings.
Overview
Space Exploration Technologies Corp (NASDAQ:SPCX) reported strong revenue growth in the second quarter of the year, and lofty forward guidance.
But the stock traded roughly 11.2% lower in pre-market hours, as of 8:05 a.m. ET, with investors worried about the company’s hefty spending plans.
Details
Total revenue of over $7.8 billion grew nearly 92% year over year and roughly 66% from the first quarter. The company generated an operating loss of $143 million, a significant improvement from the prior quarter and year-over-year. Segment-adjusted EBITDA also nearly tripled from a year ago.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.