Johnson & JohnsonImpact on stocks 5
Space Exploration Technologies Corp. Class A Common StockSpaceX reported Q2 revenue of $7.8B, up over 90% YoY and beating estimates by nearly $1B, with EPS also outperforming.
China Dvlp Bk Finl Leasing Co
Jim Cramer picked Space Exploration Technologies Corp. as his fantasy flex player on the September 8 episode of Mad Money, citing the company's multi-faceted growth across rockets, Starlink and AI. SpaceX reported second-quarter total revenue of $7.8 billion, up over 90% year-over-year and beating Wall Street estimates by nearly $1 billion, with a Q2 GAAP EPS of -$0.09 that also outperformed estimates. The connectivity segment, supported by Starlink, reached 12 million subscribers, while enterprise and government demand pushed segment revenue higher, and the stock trades at roughly 50x to 68x forward sales estimates with a market capitalization hovering near $2 trillion. The company still reported a net loss of $541 million for the quarter, with quarterly capital expenditures running at nearly $18.4 billion to fund Starship manufacturing and orbital compute infrastructure alongside Connectivity and Space operations. Insider Monkey's database of over 1000 hedge funds shows 119 hedge funds held SpaceX during Q2, with VY Capital holding the most prominent position at 271.8 million shares, followed by BAMCO Inc. with nearly 145.8 million shares.
Space Exploration Technologies Corp. Class A Common StockSpaceX reported Q2 revenue of $7.8B, up over 90% YoY and beating estimates by nearly $1B, with EPS also outperforming.
China Dvlp Bk Finl Leasing Co