RESOLVING THE LEDGER
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Space Exploration Technologies (NASDAQ: SPCX) , otherwise known as SpaceX, delivered a blowout earnings report for the period ended June 30. It blew past Wall Street expectations on the top and bottom lines, and management believes it has a massive long-term opportunity.
The market, however, wasn't impressed. SpaceX fell after the report on Aug. 4 but has since regained some of its losses. Considering how volatile the stock has been, it won't be easy to determine where it could be at this time next year, but let's give it a try.
First, let's start with some of the second-quarter highlights:
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