SpaceX records $14.6 billion in Q3 revenue; caution advised on stock volatility amid recession
SPCX Space Exploration Technologies Corp
$147.49 +1.89%
View chart & analysis → - 1SpaceX achieved $14.6 billion in revenue for the third quarter, marking a 161% year-over-year increase.
- 2Starlink recorded $5.2 billion in revenue for the third quarter, a 69% year-over-year increase in connectivity revenue.
- 3While the business can grow, stock prices may drop sharply due to high valuations.
So what's the key point?
SpaceX grew significantly by generating $14.6 billion in revenue during the third quarter. Although the business is doing well, the stock price could drop suddenly because it is expensive relative to earnings.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.