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SpaceX Third-Quarter Revenue Climbs 161% to $14.575 Billion

SpaceX Third-Quarter Revenue Climbs 161% to $14.575 Billion

Photo: TokenPost

SpaceX reported a 161% increase in third-quarter revenue to $14.575 billion on Oct. 20, hours after a Falcon 9 launched a Starfall capsule on the program’s second demonstration flight. Revenue rose from $5.576 billion in the year-earlier quarter. Net income reached $4.404 billion for the quarter ended Sept. 30, compared with a $1.054 billion loss a year earlier. Super Intelligence was SpaceX’s largest revenue segment in the third quarter at $7.560 billion. Connectivity generated $5.248 billion, and Space brought in $1.767 billion. Earlier on Oct. 20, the Falcon 9 lifted off from Cape Canaveral Space Force Station at 7:04 a.m.

Source: TokenPost

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