SpaceX’s stock soars as Elon Musk reveals crushing earnings and revenue beat
SpaceX disclosed quarterly earnings results showing robust financial performance, with the company reporting 45 cents per share in earnings before certain costs. The stock rally reflects investor confidence in the company's AI business segment alongside its core rocket development operations.
Key points
- SpaceX stock gained more than 8% on earnings beat
- Strong performance attributed to AI business momentum
- Third-quarter earnings exceeded expectations
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