SpaceX reported its first quarterly earnings since going public in June, and the numbers beat Wall Street's expectations. The company said quarterly revenue nearly doubled, a strong showing for the blockbuster IPO of Elon Musk's rocket, satellite and AI conglomerate.
On the accompanying earnings call, Musk outlined ambitious plans for the next test flight of the Starship megarocket, tentatively scheduled for late August. He said SpaceX wants to launch the vehicle and catch its booster on landing, a key milestone for the program.
The financial results and Starship update came in what was SpaceX's first earnings call since its historic public listing. The company has not yet provided a detailed breakdown of revenue sources, but the strong performance reflects growing demand for its launch services and satellite internet business.