SpaceX falls on earnings debut
SPCX•Shares fall after first earnings report
Space-to-rockets firm SpaceX's shares fell 3% to $121.36 in extended trading following its earnings debut.
- SpaceX reported revenue of $7.8 billion in Q2, up 92% from $4.1 billion a year ago.
- The company reported a Q2 net loss of $541 million, compared with a loss of $1 billion in the prior-year quarter.
- The average rating of 34 analysts is "buy"; their median price target is $217, according to data compiled by LSEG.
- The stock has fallen 7.2% since going public in June.
