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The company posted $7.8 billion in revenue, topping estimates, but capital expenditures of $18.4 billion rattled investors
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SpaceX's second-quarter earnings release — the first since its June IPO — showed $7.8 billion in revenue, a 92% jump from a year ago, clearing Wall Street's expectations on Tuesday.
SpaceX's net loss for the quarter came to $541 million, narrowing considerably from the $1 billion loss it recorded in the year-ago period. Adjusted EBITDA reached $3.5 billion, up 191% year-over-year.
