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SpaceX records $4.4 billion in Q3 net profit including investment gains from The Boring Company

The Motley Fool +1 ·

  1. 1SpaceX recorded $14.6 billion in Q3 revenue, reversing a $1.1 billion loss from the same period last year.
  2. 2SpaceX recognized $561 million in equity investment-related gains in Q3.
  3. 3The Boring Company completed a $3 billion Series D funding round in September.

So what's the key point?

SpaceX moved from a loss to a profit in the third quarter with $14.6 billion in revenue. This improved performance includes gains made from investing in other companies.

Source The Motley Fool +1 · View original ↗

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