SpaceX SPCX shares climbed about 8% on Wednesday after the company reported stronger-than-expected third-quarter results, thanks to rapid growth in its artificial intelligence (AI) business and satellite internet operations. Revenue jumped 161% year over year, comfortably beating Wall Street estimates CEO Elon Musk also weighed in on a potential merger between SpaceX and Tesla (TSLA), calling the idea attractive while emphasizing that a deal is far from certain, as quoted on CNBC. SpaceX Beats Revenue and Earnings Estimates SpaceX reported third-quarter revenue of $14.58 billion, exceeding the Zacks Consensus Estimate of $12.59 billion. Adjusted earnings per share came in at 45 cents, compared with the Zacks Consensus Estimate of 11 cents.
We show the main point publicly. Create a free account to continue reading the full article, save it, discuss it, and connect it with market and OSINT context.