NPR News·3 min read·medium
SpaceX's revenue rises as its once-soaring stock price drifts back to Earth
J
John Ruwitch
✦AI Summary
SpaceX reported a significant revenue increase to $7.8 billion in its first quarterly report as a public company, though it still posted a $541 million loss. Elon Musk emphasized the company's massive capital investments in Starlink and AI, despite recent volatility in the company's stock price.
In its first quarterly report since offering shares to the public, Elon Musk's SpaceX announced soaring revenues and shrinking losses — but still not a profit.
businesstechnologyeconomy
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