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Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

Watch Fortune Daily, our new video show that brings you inside the Fortune newsroom and the boardroom

SpaceX revenue surges to $7.8 billion, blowing past Wall Street expectations by nearly $1 billion

SpaceX grew revenue 92% to $7.8 billion in the second quarter, powering past Wall Street’s consensus estimate of approximately $6.9 billion in the rocket-and-connectivity giant’s first earnings report as a public company since its June debut on the Nasdaq.

The company reported a net loss of $541 million, or 9 cents a share—a marked improvement from a $1 billion loss a year ago and higher than the range of analyst estimates, which spanned from a loss of $1.26 per share to a gain of 33 cents. Adjusted EBITDA nearly tripled to $3.5 billion.

Despite the strong results, shares........

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