SpaceX beat sales and per-share profit estimates, and sales rose 161%. Space sales grew only 6%, and SI costs were $4.6 billion, but strong growth elsewhere and $53.39 billion in cash make the report positive overall.
Starlink’s subscriber base and 12 customer launches show ongoing activity. Space sales grew only 6%, and SI costs were $4.6 billion. Still, growth in SI and Connectivity, along with $53.39 billion in cash, makes the report positive for SpaceX.