None
EN
Elon Musk’s SpaceX posts $541M loss; Starlink subscribers surge
['Nick Viviani', 'Spacex Ceo Elon Musk', 'Spacex President Gwynne Shotwell']
Latest News | FOX 26 Houston
articleThe Brief SpaceX reported a $541 million loss in its first quarterly earnings call as a publicly traded company.
Over the three-month span, SpaceX’s Starlink service doubled its number of subscribers.
However, that number may be a relief to some investors following predictions that the Elon Musk-led company would lose more than twice that.
By the numbers:SpaceX reported that revenue nearly doubled over the same period last year, surging 90% to $7.8 billion.
Even with that spike, the company posted a $541 million, or 9 cents per share, loss for the quarter.