In its first quarterly earnings report since going public, Elon Musk’s SpaceX reported surging revenue and narrowing losses, though the company has yet to turn a profit.
On Tuesday, the company announced that revenue nearly doubled from the same quarter a year ago to $7.8 billion, rising over analysts’ expectations. The company also reported that they have spent $18.4 billion on capital investments during the quarter.
During the earnings call, Elon Musk said SpaceX is focused on accomplishing “very big things.” LiveNOW’s Mike Pache is joined by FOX Business Correspondent Lauren Simonetti to further discuss.
Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1
Where to watch LiveNOW from FOX: https://www.livenowfox.com
Follow us @LiveNOWFOX on TikTok: https://www.tiktok.com/@livenowfox
Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX. Live news streaming channel when and where you need it.
source
