Elon Musk Says SpaceX Short-Sellers Probably Won't Survive. These 3 Earnings Numbers Say He's Wrong.
Musk says SpaceX short-sellers have "very low" survival odds, but the company's first quarterly report tells a complicated story.
Overview
Last month, Elon Musk took to X to tell the short-sellers betting against his rocket company, Space Exploration Technologies (NASDAQ: SPCX), that their "survival probability" is "very low."
And after its first quarterly report was released last week, a whole lot of investors think he's right. The company gave bulls plenty to like, with revenue up 92% year over year (YoY), the doubling of Starlink subscriptions, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) nearly tripling.
Details
But dig a little deeper into the numbers, and I think there are plenty of reasons to think the short-sellers -- who profit when share prices fall -- are right.
Source
Originally published at www.fool.com.