SpaceX posts first operating profit as public company as AI revenue nearly triples to $7.6 billion—cruising past Starlink

Elon Musk’s SpaceX said Tuesday that third quarter revenue rose 161% to $14.6 billion year-over-year, cruising past the $12.86 billion analysts expected, according to Visible Alpha consensus from S&P Global Market Intelligence. The company reported net income of $4.4 million, or 35 cents a share compared with a net loss of $541 million in the second quarter and $5.5 billion a year ago. Operating income rebounded to $2.79 billion, from a loss of $143 million in the second quarter, well above the $2.33 billion analysts expected.

Source: Fortune Crypto