After share price crash following IPO, SpaceX to report first earnings as a public company
Summary
SpaceX will report its first quarterly earnings as a public company, after going public with a $2 trillion valuation in June. Since the initial public offering (IPO), SpaceX shares have dropped about 24%, and investors are watching closely to see if the company can make a profit.Key Facts
- SpaceX went public in June with the largest IPO ever, valuing the company at $2 trillion.
- Since the IPO, SpaceX’s stock price has fallen 24%, losing nearly $500 billion in market value.
- Analysts expect SpaceX to report $6.93 billion in revenue and a loss of 26 cents per share for the quarter.
- SpaceX includes several businesses: the rocket company, the internet provider Starlink, the AI platform xAI, and the social media company X.
- In the past year, SpaceX earned $18.7 billion in revenue but had an operating loss of $4.3 billion.
- Starlink is the only part of SpaceX currently making a profit.
- Upcoming unlock of 912 million shares, more than double the current shares available, could put more pressure on the stock price.
- The earnings report is important for investors deciding the stock’s future direction.
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