Investor Gene Munster sees the second-quarter financial results from Space Exploration Technologies Corp (NASDAQ:SPCX) and outlook as strong. Munster thinks investors sending the stock down in after-hours Tuesday may have the wrong idea.
• SpaceX stock is among today’s weakest performers. Why is SPCX stock dropping?
Gene Munster on SpaceX Earnings
The highly anticipated first public financial report and conference call from SpaceX comes with shares trading lower Tuesday.
"SPCX down 7% on great outlook given capex will be about 65% higher than the Street in Sep and Dec," Munster tweeted.
