SpaceX reports first quarterly results as public company with $2bn lossSpaceX has reported its first quarterly results since listing on the US stock market, with revenue almost doubling 92% year-on-year to $7.8bn (£5.8bn), reported BBC News. Despite investors’ concerns, Elon Musk said the market was ‘underestimating’ SpaceX, highlighting the profitable Starlink satellite internet business, which generated $1.6bn in the second quarter and is expected to grow significantly in the years ahead. The sharp jump in profits, which surpassed analyst predictions, came as its refining and trading business benefited from rising prices during the Iran war. However, these new murals showcase the car in full, indicating that it still appears much like the original Smart ForTwo. The UK division of car dealer giant Penske Automotive generated over $2bn in the second quarter of this year, amid ‘resilient’ demand on both sides of the Atlantic.