SpaceX posts $541M loss, revenue up 90% in first public quarter

SpaceX reported a $541 million loss, or 9 cents per share, in its first quarterly report as a public company, but the loss was less than half of Wall Street expectations and revenue surged 90% to $7.8 billion. Shares have fallen roughly 50% from their June peak as investors digest the results and brace for an insider lockup expiration later this week. Musk, whose wealth has dropped to $783 billion, faces investor questions on a conference call about Starship, Starlink, and possible mergers.