SpaceX Reports $2bn Net Loss Despite 92% Revenue Increase
SpaceX reported a 92% revenue increase to $7.8bn but faced a $2bn net loss amid $18.3bn in spending, according to a BBC report. A Revenue Surge Paired With Spending SpaceX’s first-ever quarterly earnings report revealed a stark contrast between revenue growth and operational costs. Revenue rose 92% year-over-year to $7.8bn, driven largely by Starlink’s $1.6bn … Read more