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Add as a preferred source on GoogleSpaceX Revenue Rises 161% to $14.6 Billion as Profit Returns
SpaceX posted a $4.4 billion profit after a $1.1 billion loss a year earlier, while shares gained about 8% after hours.
SpaceX's third-quarter revenue rose 161% to $14.6 billion, and the company swung to a $4.4 billion profit as its artificial intelligence and Starlink businesses expanded.
The results reversed a $1.1 billion net loss a year earlier. Revenue in that period was $5.6 billion, making the latest quarter's increase roughly $9 billion.
The $4.4 billion profit exceeded expectations of $1.88 billion.
Shares rose about 8% in after-hours trading to nearly $160 following the results.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.