SpaceX doubles revenue but remains negative at $541 million
The short version
SpaceX posted a loss of $541 million in the first quarter following the IPO. The company's turnover almost doubled, driven by the satellite subsidiary Starlink.
SpaceX reported a loss of $541 million in the first quarter following the IPO.1 The company's revenue nearly doubled in the last quarter.2,1 The satellite subsidiary Starlink made a significant contribution to sales growth.2,1
Despite the growth in sales, SpaceX remained in deficit.3,2,1 The stock market reacted to the numbers with skepticism, although growth exceeded expectations.3 SpaceX is led by Elon Musk.2,1
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