CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.

SpaceX has published its first earnings report since going public on June 12.

Despite strong enthusiasm surrounding its initial public offering, SpaceX shares have experienced significant volatility.

The impact wasn't to be visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.

A stray piece of a SpaceX rocket is travelling through space at about 5,400mph (8,690 km/hr) and is expected to collide with the Moon later

The upper stage of a SpaceX Falcon 9 rocket, launched 19 months ago before unintentionally veering towards the moon, is set to collide with an explosive impact equivalent to three tons of TNT.

In its first quarterly earnings release since its $86 billion blockbuster IPO in June, Elon Musk’s SpaceX grew its revenue, sharply cut its losses and beat Wall Street’s expectations.

Starship may be underpinning SpaceX's future, but it's not all the launch business has going for it. The prototype mega-rocket is expected to unlock a number of opportunities for SpaceX and enhance its launch capabilities.

SpaceX will release its quarterly financial report after markets close today and its conference call starts at 4:30 p.m. ET. Similar to Tesla, SpaceX is letting investors submit questions ahead of the call.