SpaceX Posts First Earnings After IPO, Nearly Doubles Revenue to $7.8 Billion While Continuing to Hold 18,712 Bitcoins

SpaceX's Initial Earnings Report

On June 4, SpaceX announced its first quarterly earnings since its stock market debut on June 12. The revenue for the April to June period expanded from $4.1 billion to $7.8 billion, nearly doubling compared to the same period last year, as reported by Reuters and The Wall Street Journal.

Operating losses were reduced from $970 million to $143 million. However, the final net loss was reported as $541 million. The company's ventures into AI and Star...