Source: CNBC
Summary
SpaceX reported its first quarterly earnings since going public in June, showing a revenue increase of 100% compared to the same period last year. The company’s revenue growth was driven by its Starlink satellite internet business and commercial launches. According to CNBC, SpaceX’s earnings report did not provide detailed financial information.
Our Reading
The announcement sounds ambitious.
SpaceX’s revenue doubled, Starlink is growing, and commercial launches are on the rise. The earnings report didn’t provide much detail, but who needs details when you’re growing this fast? It’s not like we’ve seen this “rapid growth” narrative before in tech.
Author: Evan Null
