SpaceX released its first financial report
Basically, everything exceeded expectations 😮
Estimate: Revenue of $6.8 billion, EPS -0.26
Financial report: Revenue of $7.8 billion, EPS -0.09
Although the performance exceeded expectations
But judging from the stock price, it's clear the market is still not buying in
The reason may be that capital expenditures have also significantly exceeded expectations
The market had expected it to be around $13 billion
The actual financial report was $18.3 billion
🚨 In the AI segment alone, the quarterly revenue alone reached approximately 15.8 billion 🚨
The market may be concerned about short-term cash flow and investment return timelines
So, what is SpaceX's current cash flow situation?
Cash $93.5 billion + securities $6.5 billion = $100 billion
This means that even if Q2 maintains the high capital expenditure level,
Cash is also sufficient to support more than five quarters
This does not even include operating income and financing flexibility
Additionally, SpaceX CFO Bret Johnson made this clear
The payback period for investing AI funds is very likely to be less than one year
$SPCX
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