SpaceX is trading at $119.80 (4.4% down) following a sharp post-earnings reaction despite beating both revenue and earnings estimates.
- Q2 revenue jumped 92% year-over-year to $7.81 billion, surpassing analyst expectations.
- The company reported a net loss of $0.09 per share, which was narrower than the projected $0.26 loss.
- The after-hours decline reflects the initial investor reaction to fresh guidance in thinner trading volumes.