🚀 Record profits but the stock is falling? The surprising debut of #SpaceX on the exchange
SpaceX released its first quarterly report as a public company, and the numbers are absolutely wild:
• Revenue reached $7,814 million, representing 92% year-over-year growth.
• Starlink has already reached 12.0 million subscribers, doubling its user base versus last year.
• They cut net losses to $541 million, while adjusted EBITDA surged 191% to $3,538 million.
• They announced an agreement to acquire Cursor for $60,000 million to accelerate its opportunity in artificial intelligence.
The real business is going like a rocket, but between the size of the acquisition and the concern that the imminent stock offering could pressure the price, the stock is still taking hits from post-market turbulence.
SpaceX released its first quarterly report as a public company, and the numbers are absolutely wild:
• Revenue reached $7,814 million, representing 92% year-over-year growth.
• Starlink has already reached 12.0 million subscribers, doubling its user base versus last year.
• They cut net losses to $541 million, while adjusted EBITDA surged 191% to $3,538 million.
• They announced an agreement to acquire Cursor for $60,000 million to accelerate its opportunity in artificial intelligence.
The real business is going like a rocket, but between the size of the acquisition and the concern that the imminent stock offering could pressure the price, the stock is still taking hits from post-market turbulence.
