SpaceX Shares Rise More Than 9% Premarket After Third-Quarter Earnings

SpaceX shares rose more than 9% in premarket trading Wednesday after third-quarter revenue and net income topped expectations, putting the company’s earnings in focus ahead of the regular U.S. session. Revenue reached $14.58 billion for the three months ended Sept. 30, a 161% increase from a year earlier. The total was more than 10% above analysts’ expectations of about $12.8 billion. Net income was about $4.4 billion, compared with expectations of $1.88 billion. That made the reported profit more than twice the anticipated amount.

Source: TokenPost