SpaceX Crushed Its Revenue Performance, but These 2 Red Flags Are Worth Keeping an Eye On
The company is running through cash faster than some investors may like.
Overview
On Aug. 4, Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, released its first earnings report since its June 12 debut (the largest initial public offering in stock market history). It was a good top-line performance from SpaceX, with revenue growing 92% year over year to $7.8 billion.
Starlink carried most of the weight, bringing in nearly $4.3 billion, but all three of SpaceX's segments -- space, connectivity, and AI -- showed growth. Despite the revenue growth, SpaceX's stock dropped around 11% in pre-market trading, largely due to these two red flags worth keeping an eye on.
Details
Source
Originally published at www.fool.com.
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