SpaceX Just Reported Earnings for the First Time as a Public Company. Here's the Most Shocking Piece of Guidance Issued by CEO Elon Musk
The market seemed more interested in what CEO Elon Musk had to say on SpaceX's first earnings call.
Overview
Space Exploration Technologies Corp (NASDAQ: SPCX) released its first earnings report as a public company earlier this month.
The results were muddled. On one hand, revenue of $7.8 billion soared 92% from the same quarter a year ago. On the other hand, capital expenditures also soared to nearly $18.7 billion, up from roughly $2.8 billion a year ago and about $10.1 billion from the prior quarter.
Details
However, the financials are only a small part of the story as the company ramps up its various business lines. Investors may have been more interested in what Chief Executive Officer Elon Musk had to say on the company's earnings call.
Source
Originally published at www.fool.com.