The Zhitong Finance App learned that Elon Musk said on Friday that SpaceX (SPCX.US)'s dependence on US government procurement contracts will continue to decline. Responding to users on social media platform X, he said that payments from government agencies will account for less than 10% of SpaceX's revenue this quarter, compared to 16.6% in the most recent quarter. On the same day, Musk gave an optimistic growth forecast at the Barron Capital Investment Conference, saying that SpaceX's fourth quarter revenue will increase “about 70%” from the previous three months, and reiterated that this year's annualized revenue is expected to reach 100 billion US dollars and exceed 500 billion US dollars by the end of 2027. SpaceX closed up 8.62% on Friday.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that Elon Musk said on Friday that SpaceX (SPCX.US)'s dependence on US government procurement contracts will continue to decline. Responding to users on social media platform X, he said that payments from government agencies will account for less than 10% of SpaceX's revenue this quarter, compared to 16.6% in the most recent quarter. On the same day, Musk gave an optimistic growth forecast at the Barron Capital Investment Conference, saying that SpaceX's fourth quarter revenue will increase “about 70%” from the previous three months, and reiterated that this year's annualized revenue is expected to reach 100 billion US dollars and exceed 500 billion US dollars by the end of 2027. SpaceX closed up 8.62% on Friday.
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