SpaceX Reports $4.4 Billion Q3 Profit as Revenue Jumps 161%
SpaceX reported third-quarter revenue of $14.6 billion, up 161% year over year and above the $12.72 billion LSEG consensus. GAAP net income was $4.4 billion, or $0.35 per diluted share, versus a $1.1 billion loss a year earlier. Shares rose 9.85% in premarket trading.
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12:37:08 PM UTC
SquawkNews
SpaceX (SPCX) shares soared in early premarket trade on Wednesday after multiple analysts raised their price targets following the company’s blowout third-quarter (Q3) results.According to The Fly, Morgan Stanley asked, “Is it just me, or is the SpaceX story only just now starting to get interestin…
SpaceX (NASDAQ:SPCX) posted third-quarter revenue of $14.6 billion, a 161% increase from a year earlier and above the $12.72 billion LSEG consensus. GAAP net income reached $4.4 billion, or $0.35 a diluted share, versus a net loss of $1.1 billion in the year-ago quarter. SpaceX shares gained 9.85% in premarket trading.