SpaceX Revenue Climbs 161% as Musk Floats Possible Tesla Merger
Photo: TokenPost
Space Exploration Technologies Corp., known as SpaceX (SPCX), reported a sharp rise in third-quarter revenue and a return to profit as CEO Elon Musk raised a possible combination with Tesla on an earnings call Oct. 20. Revenue for the quarter ended Sept. 30 was $14.6 billion, up 161% from a year earlier. Net income reached $4.4 billion, compared with a $1.05 billion loss in the same quarter last year. Operating income was $2.8 billion. SpaceX’s Super Intelligence business generated $7.56 billion in revenue, compared with $813 million a year earlier, making it the company’s largest business unit by revenue.
Source: TokenPost
