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SpaceX's first-ever earnings show a loss and huge spending

https://www.facebook.com/bbcnews· ·1 min read · 0 reactions · 0 comments · 5 views
SpaceX's first-ever earnings show a loss and huge spending
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It has been trading lower than its original $135 per share debut price for the last several weeks.

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BBC News — Tech publishes from United Kingdom and files mainly under tech. We currently carry 56 of its stories.

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BBC News — Tech · https://www.facebook.com/bbcnews
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Original publisherBBC News — Tech
Canonical URLhttps://www.bbc.co.uk/news/articles/c0qvpveg20vo?at_medium=RSS&at_campaign=rss
Publication timeTue, 04 Aug 2026 20:48:59 GMT
Retrieval time2026-08-04T20:50:44.377Z
Last seen2026-08-04T20:50:44.377Z
Headline sourcePublisher (no WeSearch rewrite)
Excerpt sourcepublisher body
Excerpt methodFirst ~120 words (~800 chars) of extracted publisher body, fair-use limited.
SummaryWeSearch · cerebras-chat (WeSearch summarizer)
Summary source textcontentText
Citation coverageSummary is a WeSearch-generated derivative; primary citation is the original publisher URL.
ClusterJF4ovLRA8DDK · 1 stories
Cluster logicGrouped by semantic title/content similarity across sources within a rolling window. Same-publisher template collisions are excluded from coverage comparison.
Ranking reasonStory pages are not engagement-ranked. Hub feeds use recency, with optional source-diversified chronological ordering (cap consecutive stories per source). No personalized ranking.
Publisher visitYes — open original
Substitutes article?No — link-out required for full text

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Basis: Derived from the published RSS/Atom feed. Contact: [email protected]. Reviewed: 2026-07-24.

Opening excerpt (first ~120 words) tap to expand

SpaceX's first-ever earnings show a loss and huge spending Image source, EPAImage caption, Elon Musk's SpaceX in June became a publicly traded company.ByKali HaysTechnology reporterPublished1 minute agoSpaceX has delivered its first-ever quarterly business report, which showed revenue nearly doubled but its spending skyrocketed.The company, run by Elon Musk, builds space rockets and Starlink internet satellites and owns the social media platform X. It began trading on the US stock market in June.SpaceX said its revenue had grown 92% to $7.8bn (£5.8bn) compared with a year ago, but its spending was up more than 550% to $18.3bn, on top of a net loss of $2bn during the first six months of the year.Its stock fell nearly 9% in after-hours trading, effectively wiping out gains made during the…

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