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Jewish News 24 · Aug 4, 2026

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SpaceX reported it lost more than half a billion dollars in its first quarterly report as a public company, but the loss was less than Wall Street expected and revenue soared. The company run by Elon Musk reported a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had expected. Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period. Musk will field questions from investors and financial analysts soon on a conference call.

SpaceX reported it lost more than half a billion dollars in its first quarterly report as a public company, but the loss was less than Wall Street expected and revenue soared. The company run by Elon Musk reported a loss of $541 million, or 9 cents per share, in the three months through June, less than half what financial analysts had expected. Revenue jumped to $7.8 billion, up more than 90% from the year-earlier period. Musk will field questions from investors and financial analysts soon on a conference call.

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