Elon Musk’s SpaceX reports losses but less than expected

Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations.Published On 4 Aug 20264 Aug 2026SpaceX reported a loss of more than half a billion dollars in its first quarterly statement as a public company, but the loss was less than Wall Street expected and revenue soared.On Tuesday, the company run by Elon Musk reported a loss of $541m, or 9 cents per share, in the three months through June, less than half what financial analysts had expected.Recommended Stories list of 4 itemslist 1 of 4Why Israel’s economy hasn’t collapsed during a multi-front warlist 2 of 4White House to meet AI firms on advanced model safetylist 3 of 4Telegram says Apple suspension followed content norms violation by one userlist 4 of 4Argentina grain exports halt as maritime pilots strike over Milei decreeend of listRevenue jumped to $7.8bn, up more than 90 percent from the year-earlier period, beating analyst expectations. LSEG had forecast revenue growth of more than $6.9bn, and Bloomberg analysts had forecast $6.8bn.The Starbase, Texas-based giant ended the second quarter with $100bn in cash, according to United States Securities and Exchange Commission filings.The com...