SapceX Q2 financials had $7.8 Billion of revenue and positive EBITDA.
I had projected that they could have gotten as high as $8.6 billion but it was $7.8 billion. It was $1 billion over most analysts.
The shares were positive but have dropped as the financial results are digested. This is likely a reaction to the Capex spending being $15 billion.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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It has been predicted that Spacex shares would do almost exactly like they have done, simply based on what IPO’s normally do. With all the shares coming available over the next few months, it would be very hard to keep the price above $100. Now, next year is a different story.