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SpaceX Q3 revenue hits $14.6 billion, beating expectations

Barrons.com +1 ·

NVDA NVIDIA Corp
$216.47 -0.29%
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  1. 1SpaceX recorded $14.6 billion in Q3 revenue, surpassing Bloomberg's Q3 revenue estimate of $12.7 billion.
  2. 2SpaceX achieved a 161% year-over-year revenue growth in Q3, with both revenue and net income exceeding analyst expectations.
  3. 3Starlink drove profits, while the artificial intelligence sector drove revenue.

So what's the key point?

SpaceX earned $14.6 billion in the third quarter, which was more than experts expected. Starlink and the artificial intelligence sector helped increase revenue and profits.

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