SpaceX has been on a slide since hitting a $2 trillion valuation milestone at its June IPO, shedding close to $500 billion in market cap from its peak. Tuesday was its first-ever earnings report as a publicly listed company and a fresh chance for CEO Elon Musk to hype the stock and turn that frown upside down.
The company posted better-than-expected revenue growth in the second quarter and narrowed its losses to nearly half the level of a year ago.
