$SpaceX(SPCX.US) -6.5% post-mkt after beating 2Q rev and EBITDA ests, but investors likely selling the news after a +9.4% advance today.
2Q results:- Revs $7.8B vs $6.8B exp- # Subs 12.0M vs 12.2M exp- Avg rev per user $66/mo vs $65.60 exp- Total costs and exp $8.0B vs $8.3B exp- Adj EBITDA $3.5B vs $2.0B exp- Capexp $18.4B vs $18.6B exp Approximately 911.5M shares held by employees and early investors will be unlocked and become available for sale on Aug 6, which will potentially double the size of SPCX float (currently 872M shares = 5% of shares outstanding). Short interest remains very high at 18.9% of the current float. Conf call 430pm ETThe copyright of this article belongs to the original author/organization.
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