Post

SpaceX releases earnings report for the first time Basically, everything exceeded expectations 😮 Estimate: Revenue $6.8 billion, EPS -0.26 Report: Revenue $7.8 billion, EPS -0.09 Although performance beat expectations The stock price performance shows the market is still not convinced The reason might be that capital expenditures also greatly exceeded expectations The market originally expected about $13 billion The actual report showed $18.3 billion 🚨 AI alone accounted for about $15.8 billion in a single quarter 🚨 The market may be worried about short-term cash flow and investment return timing So how is SpaceX's current cash flow situation? Cash $93.5 billion + securities $6.5 billion = $100 billion Meaning even with Q2's high capital expenditures Cash can support more than 5 quarters This doesn't even include operating income and financing flexibility Additionally, SpaceX CFO Bret Johnsen clearly stated The payback period for AI investment is very likely less than 1 year $SPCX