Musk says SpaceX’s next quarter earnings call will mention IPO, and the company’s plans for Starship and Starlink

• SpaceX held its first quarterly earnings call since its IPO, and investors focused on what Elon Musk had to say about Starship and Starlink.
• According to SpaceX, the company’s share price fell in the red; by the end of trading, it had dropped by more than 900,000 shares, which could indicate volatility.
• In its forecast, SpaceX said it expects clean revenue of $1.9 billion (23 cents per share) for the quarter, which would come on top of revenue of more than $5 billion.

Elon Musk said he wants to leave investors with a sense of optimism ahead of SpaceX’s next quarterly earnings call after the company’s IPO. He said he expects the company’s public statements to reflect the same level of confidence.

SpaceX’s shares fell in the red. The company said it expects investor interest in its Starship rocket, which is planned for a launch, and that the company’s materials also indicate the possibility of further growth.

Some analysts link SpaceX’s future plans to Tesla. However, the company said it is not yet able to confirm that the plans are directly related; it also said that Musk’s comments are not a guarantee of any specific outcome, including the timing of the next stage of the program.

SpaceX’s financial outlook remains in the spotlight. The company’s forecast suggests that it expects revenue to exceed $5 billion. According to FactSet, for the quarter, analysts expected clean revenue of $1.9 billion, or 23 cents per share.

One of the main factors for the stock’s performance is the company’s guidance. In its forecast, SpaceX said it expects revenue of $1.9 billion for the quarter, which would be above analysts’ expectations. The company also said it expects the share price to rise after the IPO lockup period ends. The company said it expects the stock to trade in a range between $114.46 and $225, and between $135 and $225.

In a statement, SpaceX said that after its IPO, it expects its stock price to rise and that it will continue to expand its business. The company also said it expects to support Starlink with further investments. It also said it expects to continue developing its social media platform.

Tags: Economy/Technology/Space