SpaceX is a money furnace, former hedge fund manager says as filing
reveals USD 4.3 billion quarterly loss
opalesque
1 month ago
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Former hedge fund manager Patrick Boyle criticized SpaceX's valuation as the company races toward a potential IPO. The filing showed a net loss of roughly USD 4.3 billion in the first quarter on USD 4.7 billion in revenue, with losses concentrated in the AI unit while Starlink remained profitable....
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