SpaceX records $14.6 billion in Q3 revenue, improving profitability
SPCX Space Exploration Technologies Corp
$159.31 +7.79%
View chart & analysis → - 1SpaceX recorded $14.6 billion in Q3 revenue, achieving a 161% year-over-year growth rate.
- 2SpaceX Q3 net income reached $4.4 billion, turning from an $1.1 billion loss in the same period last year.
- 3The SI division recorded $7.6 billion in Q3 revenue, a 830% increase compared to the previous year.
So what's the key point?
What is the main point? SpaceX earned $14.6 billion in revenue during the third quarter and has started making money. While the company saw losses last year, it is now generating profit and growing.
Source The Motley Fool +1 · View original ↗
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