SpaceX posts $7.81bn revenue beat but still reports $541m loss

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Company posts $7.81bn in revenue, a jump of 92%, after share prices crashed following IPO debut

For the first time since SpaceX went public, the world is getting a first-hand look into the trillion-dollar corporation’s financials. The Elon Musk -run business reported its second-quarter earnings on Tuesday, saying that its revenue jumped 92% since June.

SpaceX beat Wall Street expectations, reporting $7.81bn in revenue, versus analysts’ predictions of $6.93bn. While expansive, the company is not profitable. The company reported a loss of $541m, down from a $1bn loss in the same quarter last year.

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