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Quarterly reporting is, in theory, how capital markets stay honest. SpaceX, Elon Musk's rocket maker, is making the argument that the mechanism fails companies whose decisions play out over years.
The complication: this is also, conveniently, the argument every company would make if it could.
The mismatch between rockets and quarters The framing is direct: what has happened to SpaceX's finances over the past three months is pretty irrelevant to the larger picture.
For a company whose value is tied to what it can build and launch over the next several years, that is a defensible position.
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