From TokenPost · · 30s
SpaceX Shares Jump After First Profit
SpaceX shares rose 8% after reporting first quarterly profit since IPO.
In brief
SpaceX shares rose 8% after reporting first quarterly profit since IPO. SpaceX reported $4.404 billion in quarterly profit following 161% revenue growth. Originally reported by TokenPost.
SpaceX Reports Profit
SpaceX shares rose 8% Wednesday after reporting first quarterly profit since its June IPO.
“SpaceX reported $4.404 billion in net income, or 35 cents per diluted share, on $14.575 billion in revenue for the quarter ended sept. 30”
Profit Details
Revenue increased 161% year over year with $1.025 billion other income and $873 million interest income.
“Operating income was $2.791 billion”
Musk on Merger Talks
Musk said committees at SpaceX and Tesla were weighing a possible merger but no deal is certain.
“I think that would be overstating it”
The essence
SpaceX reported $4.404 billion in quarterly profit following 161% revenue growth.
