The Guardian · SpaceX
SpaceX revenue beats estimates with a 161% annual rise
SpaceX’s second public earnings report put revenue at $14.58 billion, up 161% from a year earlier and above analysts’ $12.72 billion estimate. Starlink and AI operations drove the increase. The company posted $4.4 billion in net income and earnings of 35 cents per share, while its stock rose 2% in after-hours trading following the release.
Source published: Brief prepared:
What to know
- 01
Quarterly revenue reached $14.58 billion, exceeding analysts’ estimate of $12.72 billion.
- 02
Shares began the day down about 8% for the year, then gained 2% in after-hours trading following the results.
Why it matters
The report offers a view of SpaceX’s growth drivers and how its revenue compares with analysts’ expectations.
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