SpaceX Surges Over 9% in Pre-Market Trading as AI Business Boom Drives Strong Q3 Results
Tiger Newspress
Yesterday
On Wednesday, SpaceX surged over 9% in pre-market trading. SpaceX Q3 Earnings Beat Expectations: AI Business Becomes Largest Revenue Source.
According to its Q3 financial report, SpaceX generated third-quarter revenue of $14.575 billion, up 161% year-over-year and beating market expectations of approximately $12.87 billion; diluted earnings per share came in at $0.35, also topping market expectations of around $0.13. Net income reached $4.404 billion, compared to a net loss of $1.054 billion in the same period last year, while adjusted EBITDA rose from $2.169 billion to $8.809 billion.
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