From The Motley Fool · Will Healy · · 40s
SpaceX Stock Surges on Q3 Earnings Beat
SpaceX stock jumps 7.79% after Q3 earnings beat with $14.6B revenue and $4.4B profit.
In brief
SpaceX stock jumps 7.79% after Q3 earnings beat with $14.6B revenue and $4.4B profit. SpaceX's Q3 earnings beat boosted stock by 7.79% as revenue surged 161% to $14.6 billion. Originally reported by The Motley Fool.
SpaceX Stock Performance
SpaceX stock closed at $159.31, up 7.79% after strong Q3 earnings.
Q3 Earnings Highlights
Q3 revenue rose 161% yearly to $14.6 billion with AI-related revenue up 830%.
Profitability Shift
SpaceX turned profitable with $4.4 billion quarterly net income versus $1.1 billion loss last year.
Investor Outlook
Musk forecasts $500 billion to $1 trillion annual revenue by 2027, though CFO projects $33 billion to $37 billion for Q1 2027.
At a glance
SpaceX's Q3 earnings beat boosted stock by 7.79% as revenue surged 161% to $14.6 billion.
