Elon Musk's Secretive SpaceX Valuation At Par With Intel, Disney: Reports Narrower FY22 Loss
Portfolio Pulse from Vandana Singh
SpaceX, Elon Musk's private rocket firm, posted a Q1 2023 profit of $55 million from $1.5 billion in revenue, following two years of losses. The company's valuation is estimated at around $150 billion, similar to Intel Corporation and Walt Disney Company. In 2022, SpaceX's expenses were approximately $5.2 billion, up from $3.3 billion the previous year, but revenues doubled to $4.6 billion, reducing losses to $559 million. The company also reported a $373 million devaluation of its bitcoin assets over 2021 and 2022.
August 18, 2023 | 11:56 am
News sentiment analysis
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NEUTRAL IMPACT
SpaceX's valuation is compared to Disney, indicating the significant growth and potential of SpaceX.
The news does not directly impact Disney's stock but the comparison with SpaceX might bring attention to Disney's valuation.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
SpaceX's valuation is compared to Intel, indicating the significant growth and potential of SpaceX.
The news does not directly impact Intel's stock but the comparison with SpaceX might bring attention to Intel's valuation.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
SpaceX, like Tesla, reported a devaluation of its bitcoin assets over 2021 and 2022.
The devaluation of SpaceX's bitcoin assets, similar to Tesla's, could negatively impact investor sentiment towards Tesla, given the shared leadership.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 70