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via finance.yahoo.comBusiness & Companies

SpaceX shares rise after Q3 results, revenue of $14.58 billion

FROM THE WIRE · FINANCE.YAHOO.COM

SpaceX SPCX shares climbed about 8% on Wednesday after the company reported stronger-than-expected third-quarter results, thanks to rapid growth in its artificial intelligence (AI) business and satellite internet operations. Revenue jumped 161% year over year, comfortably…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishResults above estimates and Musk's comments on a possible Tesla merger are moving the shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SpaceX reported third-quarter revenue of $14.58 billion, above estimates.
  2. 02Net income was $4.4 billion.
  3. 03Musk called a possible Tesla merger attractive but far from certain.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Space Exploration Technologies Corp.SPCXStock150.25 USD+0.56%today -5.69%Positive Tesla, Inc.TSLAStock382.77 USD-0.72%today -0.96%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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