SpaceX posts first earnings report since IPO

SpaceX has released its first earnings report since going public in mid-June. The company's revenue exceeded Wall Street's expectations, according to Bloomberg.

The report showed a loss of $541 million, or 9 cents per share, in the three months through June, which was less than what financial analysts had expected, as per Fast Company. The company's revenue jumped to $7.8 billion, up more than 90% from the year-earlier period, also according to Fast Company.

Despite beating analyst estimates, SpaceX is yet to turn a profit, as reported by ABC News AU. The company's stock has fallen by roughly half since its June peak, and investors have expressed concerns about Elon Musk's future prospects for space travel and colonization, among other issues, as reported by Fast Company.

Brief written by urgent.news from CBS News, Bloomberg, TechCrunch, ABC News AU, Fast Company — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.