Quartz·1 min read·easy
SpaceX's revenue surged 92% — but the stock fell after its first earnings report
✦AI Summary
SpaceX exceeded revenue expectations with $7.8 billion in quarterly earnings, yet its stock price declined following the report. The negative market reaction is attributed to the company's massive $18.4 billion in capital expenditures.
The company posted $7.8 billion in revenue, topping estimates, but capital expenditures of $18.4 billion rattled investors
businesseconomytechnology
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