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SpaceX reported a loss of more than $500 million in its first quarterly earnings report since taking its stock public in June, a continuation of the deficits for the Elon Musk-led firm with designs on domination of an emerging space economy.

SpaceX posts loss of $541 million in first report since record-setting IPOThe company’s stock had jumped by more than 10 percent before the announcement, among the first positive signs after weeks of decline.www.washingtonpost.com