Al Jazeera·3 min read·medium
Elon Musk’s SpaceX reports losses but less than expected
A
Al Jazeera Staff
✦AI Summary
SpaceX reported a quarterly loss of $541 million, which was significantly better than Wall Street expectations. The company saw a 90 percent revenue increase, driven largely by its Starlink satellite internet service and new government contracts.
Revenue was up more than 90 percent from the same period a year ago, beating analyst expectations.
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