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SpaceX continues aggressive investment as Q2 free cash flow drops $9.9 billion

The Motley Fool +1 ·

SPCX Space Exploration Technologies Corp
$147.49 +1.89%
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  1. 1SpaceX recorded a $9.9 billion decrease in free cash flow for the second quarter.
  2. 2SpaceX achieved $7 billion in AI infrastructure revenue in the quarter ending September.
  3. 3Elon Musk claimed SpaceX will reach an annual recurring revenue (ARR) of $500 billion to $1 trillion by the end of 2027.

So what's the key point?

SpaceX reached $7 billion in AI infrastructure revenue last quarter, but its remaining cash decreased by $9.9 billion. Elon Musk said that the money the company earns repeatedly every year could reach as much as $1 trillion by the end of 2027.

Source The Motley Fool +1 · View original ↗

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