SpaceX’s 2Q financial report in 26 years: Revenue hits $7.814 billion, up 92% year over year; net loss narrows to $541 million, improving a lot versus the same period last year; adjusted EBITDA $3.538 billion, up 191% year over year.
All three metrics indicate that the core business is already very healthy. Starlink, AI, and rocket launches all grew.
At present, SpaceX is operating on a three-wheel drive structure: “Starlink earns money to support the family + AI is expanding aggressively + rockets continue to burn cash to work on Mars.”
This evening, the first batch of 910 million shares from SpaceX will be unlocked. The float will expand from 640 million shares to 1.55 billion shares! Can they drop the price to give retail investors a chance to get on board?
All three metrics indicate that the core business is already very healthy. Starlink, AI, and rocket launches all grew.
At present, SpaceX is operating on a three-wheel drive structure: “Starlink earns money to support the family + AI is expanding aggressively + rockets continue to burn cash to work on Mars.”
This evening, the first batch of 910 million shares from SpaceX will be unlocked. The float will expand from 640 million shares to 1.55 billion shares! Can they drop the price to give retail investors a chance to get on board?
