SpaceX beats expectations in its first quarterly report as a public company

SpaceX surpassed Wall Street expectations in its first quarterly report as a public company, reporting $7.81bn in revenue, a 92% increase since June. This figure beat analysts' predictions of $6.93bn. Although the Elon Musk-run business remains unprofitable with a $541m loss, this is an improvement over last year's $1bn loss. Potential pressure may arise this Thursday as the post-IPO lock-up period expires, following a crash in share prices after the company's IPO debut.