What Happened
Investors React To Strong Q2 Results And Ambitious Growth Targets
SpaceX has seen its stock rise by 30% since its last earnings report, driven by strong Q2 results and ambitious growth targets. The company reported a loss of 9 cents per share, beating estimates, and revenue surged 91.9% to $7.81 billion, driven by AI cloud and Starlink growth. Starlink subscribers doubled to 12 million, with nameplate compute reaching 1.4 gigawatts. Management targets $100 billion in annualized revenue run rate by December. This article originally published on Zacks Investment Research.