Where Will SpaceX Stock Be in 1 Year?
Written by Jennifer Saibil for The Motley Fool -> Space Exploration Technologies blew past analyst expectations with a 92% revenue increase and $0.09 loss per share in the second quarter. Starlink โฆ
Space Exploration Technologies blew past analyst expectations with a 92% revenue increase and $0.09 loss per share in the second quarter.
Starlink led the company with $4.3 billion in revenue and $1.7 billion in operating income.
Wall Street expects SpaceX stock to gain 90% over the next 12 to 18 months.
Space Exploration Technologies (NASDAQ: SPCX) , otherwise known as SpaceX, delivered a blowout earnings report for the period ended June 30. It blew past Wall Street expectations on the top and bottom lines, and management believes it has a massive long-term opportunity.
The market, however, wasn't impressed. SpaceX fell after the report on Aug. 4 but has since regained some of its losses. Considering how volatile the stock has been, it won't be easy to determine where it could be at this time next year, but let's give it a try.
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First, let's start with some of the second-quarter highlights:
These are clearly fantastic results for the company in total. Let's break it down further, though, and see how each of the company's three divisions is performing right now.
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