Musk likely to face tough questions during SpaceX’s first earnings call as a public company
Summary
SpaceX is holding its first earnings call as a public company, during which CEO Elon Musk will answer investors' questions. The company has seen its stock price fall and is dealing with large financial losses, but investors are hopeful for a turnaround.Key Facts
- SpaceX recently went public and is reporting its first quarterly earnings.
- The stock price dropped from $225 in June to about $114 as of the last trading day.
- SpaceX is expected to report a $1.9 billion net loss for the second quarter.
- The company lost over $5 billion last year and is still losing money this year.
- Some company insiders can start selling shares soon after a lockup period ends.
- Musk will likely answer questions about SpaceX’s Starship rocket tests, satellite network, and possible business moves.
- SpaceX’s satellite service, Starlink, generates substantial revenue worldwide.
- The company also operates an AI business and the social media platform X (formerly Twitter), which are losing money.
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