SpaceX's first earnings as a public company: confirmed vs. claimed
๐ The Reality Check
$7.8B Revenue Burst: Revenue surged over 90% year-over-year, beating Wall Street estimates.
Losses in Check: Lost $500M+, but narrower than anticipated.
Defense Cash Flow: Locked in $6B in US government contracts for Starshield.
โ Unverified
A viral claim says about 90% of SpaceX revenue will be commercial this year. I couldn't find Musk's original statement, so I'm treating it as unconfirmed.
๐ My read
Starlink is the company's main financial engine, but the new Starshield contracts show government work isn't shrinking. The mix could be more balanced than the headline suggests.
๐ What I'm watching
Whether next quarter's report breaks out commercial vs. government revenue. $SPCX.US #SpaceX #Starlink
๐ The Reality Check
$7.8B Revenue Burst: Revenue surged over 90% year-over-year, beating Wall Street estimates.
Losses in Check: Lost $500M+, but narrower than anticipated.
Defense Cash Flow: Locked in $6B in US government contracts for Starshield.
โ Unverified
A viral claim says about 90% of SpaceX revenue will be commercial this year. I couldn't find Musk's original statement, so I'm treating it as unconfirmed.
๐ My read
Starlink is the company's main financial engine, but the new Starshield contracts show government work isn't shrinking. The mix could be more balanced than the headline suggests.
๐ What I'm watching
Whether next quarter's report breaks out commercial vs. government revenue. $SPCX.US #SpaceX #Starlink