{"id":111852,"date":"2026-08-05T08:46:48","date_gmt":"2026-08-05T08:46:48","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/111852\/"},"modified":"2026-08-05T08:46:48","modified_gmt":"2026-08-05T08:46:48","slug":"spacex-posts-loss-in-first-report-as-a-public-company","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/111852\/","title":{"rendered":"SpaceX posts loss in first report as a public company"},"content":{"rendered":"

NEW YORK (AP) \u2014 SpaceX reported it lost more than half a billion dollars in its first quarterly report as a public company, but the loss was less than Wall Street expected and revenue soared.<\/p>\n

The company run by Elon Musk reported a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had expected. Revenue jumped to $7.8 billion, up over 90% from the year-earlier period.<\/p>\n

Musk will field questions from investors and financial analysts soon on a conference call.<\/p>\n

Stock in the rocket, satellite communications and AI company has fallen by roughly half since its June peak shortly after an initial public offering<\/a> that briefly made Musk the world\u2019s first trillionaire.<\/p>\n

Investors have knocked the share price down on worries that Musk had oversold them on the company\u2019s future prospects for space travel and colonization, among other issues. They\u2019re also bracing for volatile trading as some company insiders get the opportunity to sell shares after the expiration of what\u2019s known as a lockup provision later in the week.<\/p>\n

The shares jumped 19% on their first day of trading. The subsequent drop in SpaceX, as well as a decline in the shares of Musk\u2019s electric vehicle company Tesla, has knocked his wealth down to $783 billion, according to Forbes.<\/p>\n

Part visionary, part salesman, Musk is likely to be asked on the conference call about when he expects to finish testing SpaceX\u2019s giant Starship rockets that NASA hopes to use to put astronauts on the moon again, his plans for its satellite network and the prospects of putting football-field sized data centers in orbit.<\/p>\n

Given rumors of SpaceX possibly merging with Musk\u2019s Tesla car company, he may also face questions about that tie-up, but that is likely to yield few details. Neither company has confirmed plans for a combination, and Musk has parried questions before by noting securities regulations bar him from discussing the issue.<\/p>\n

SpaceX insiders were barred from selling in the public offering in June, but that prohibition begins to ease on Thursday when over 900 million shares are released for trading, more than doubling the amount currently available for trading. The lockup release is the first of several tranches of stock that will be freed to trade over the next several months.<\/p>\n

The prospect of more supply has weighed on the shares, which closed Tuesday at $125.33, down from both the peak of $225 in June and the IPO price of $135.<\/p>\n

The Starship rocket successfully deployed satellites in space during a test late last month. Future tests could include trying to use giant arms at its Starbase launch site in Texas to grab the spacecraft and its booster upon their hovering return to Earth.<\/p>\n

SpaceX\u2019s satellite communication business, Starlink, is a big cash generator for the company with contracts around the world. The company also runs a money-losing AI business, known for its Grok tool, as well as the social media platform X, the renamed Twitter.<\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK (AP) \u2014 SpaceX reported it lost more than half a billion dollars in its first quarterly…\n","protected":false},"author":2,"featured_media":111853,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[4],"tags":[2897,32194,114,7971,1202,54647,17,789,1595],"class_list":["post-111852","post","type-post","status-publish","format-standard","has-post-thumbnail","category-switzerland","tag-associated-press","tag-austin","tag-business","tag-dallas","tag-news","tag-san-antonio","tag-switzerland","tag-technology","tag-texas"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117042032592253194","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=111852"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/111852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/111853"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=111852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=111852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=111852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}