Third quarter earnings.
Some bullish takeaways post earnings call:
FAA mishap investigation has been “resolved.”
The coming launch is about to happen in the coming days (they didn’t announce a problem with it)
December launch still on schedule.
Phase 1 factory expansion is on schedule to finish before the end of the year, which means monthly launches shouldn’t be a problem from a production standpoint.
Satellite constellation is laying the groundwork for space services that move beyond broadband.
Initial satellite constellation (phase 1) does not require a capital raise.
They have enough cash for 6-9 quarters
All that said, share price has remained steady and it looks like the perfect ramp if launch is successful over the weekend
Awesome news First step accomplished:rocket:
A congratulations from Elon musk, are we looking at a bigger take off ?
Not doing as great as I’d hoped…
Totally agree. Really good news and then all the big boys / retail investors bailout. Next successful launch should hopefully see another bump.
Did anyone see the intetview with Chris Kemp on CNBC this morning?
Also I think most of everything is flat and depreciating due to the fact everyone is excited and gearing up for Thanksgiving Weekend!