SpaceX turns a profit after a string of losses as its satellite and computer leasing businesses soar
NEW YORK (AP) — SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed. The company, run by Elon Musk, posted net income in the three months through September of $4. 4 billion, or 35 cents per share. That's more than double what Wall Street expected, and reverses a loss from the year-earlier period. Revenue soared to $14. 6 billion, up 161%. The results for the newly were...
Read MoreTue, 20 Oct 2026
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