SpaceX Revenue Rises 161% to $14.6 Billion as Profit Returns

SpaceX's third-quarter revenue rose 161% to $14.6 billion, and the company swung to a $4.4 billion profit as its artificial intelligence and Starlink businesses expanded. The results reversed a $1.1 billion net loss a year earlier. Revenue in that period was $5.6 billion, making the latest quarter's increase roughly $9 billion. Shares rose about 8% in after-hours trading to nearly $160 following the results. John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost