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SpaceX loses money

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Elon Musk owns the firm SpaceX. The firm builds rockets and satellites. SpaceX is on the tabindex="0" data-tooltip-term="Stock market" data-tooltip-explanation="A place where parts of firms sell and buy. These parts are stocks.">stock market now. Now the firm shows new numbers. SpaceX loses 541 million dollar. This is much money. But experts think the loss is smaller than expected. The income is high. It is 7,8 billion dollar.

Starlink brings much money. Starlink sends internet from space to earth. Many people use this service. Planes use the internet from Starlink too. The number of customers grows fast. In 3 months many new customers arrive. This helps the firm a lot.

The stock of SpaceX changes. At first the price is high. Then the price falls down. Now one stock costs 125 dollar. This is less than on the first day. On thursday more stocks sell. Then a rule ends. This makes many people nervous.

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Definitions

Stock market
A place where parts of firms sell and buy. These parts are stocks.
Stock
A paper that shows you own a small part of a firm.
Income
All money that a firm gets from selling things or services.
Expert
A person who checks and tests numbers of firms.
Month
A time part of a year.

People

Elon Musk
A rich man from the USA who owns firms like Tesla and SpaceX.

Locations

Space
The dark area far above the earth with stars.

Sources

Logo Bild
Bild

SpaceX-Zahlen: Schicksalsnacht für Elon Musk nach dem Kurssturz

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Logo ORF
ORF

Musks SpaceX: Verlust bei 541 Mio. Dollar

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Logo Bild
Bild

Erste Zahlen nach Börsengang: SpaceX macht Millionenminus - aber weniger als erwartet

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Logo 20 Min
20 Min

SpaceX-Aktie unter Ausgabepreis: Elon Musks Firma macht 541 Mio. Dollar Verlust

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Logo Spiegel
Spiegel

Elon Musks SpaceX mit Verlust in erstem Quartal an der Börse

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