SpaceX beats revenue forecasts in first post-IPO earnings

SpaceX beat Wall Street expectations in its first earnings since a record June IPO, posting $7.81bn in revenue, up 92%, though losses narrowed to $541m. Shares fell 8% in after-hours trading on heavy capital spending, adding to a 24% slide since the debut. More than 900m lockup shares become tradable Thursday, pressuring the stock further.