Musk’s SpaceX Earnings Rocket Higher as Bitcoin Stash Holds Firm

SpaceX delivered a blockbuster third quarter, generating $14.6 billion in revenue, $4.4 billion in net income, and $8.8 billion in adjusted EBITDA. Behind those extraordinary earnings, Elon Musk’s company reported $1.573 billion in digital assets, consistent with its previously disclosed bitcoin holdings of 18,712 BTC. Artificial intelligence (AI) now leads the company’s revenue machine, while Musk’s personal fortune has reportedly climbed to $925 billion. SpaceX came out swinging Tuesday, Oct. 20, delivering third-quarter earnings that left Wall Street’s expectations in the dust.

Source: Bitcoin.com News