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via finance.yahoo.comBusiness & Companies

SpaceX: quarterly earnings beat estimates, but volatile week amid Tesla merger backing and tech sell-off

FROM THE WIRE · FINANCE.YAHOO.COM

SpaceX (SPCX) investors have had a rocky week. Athird-quarter report that beat estimates and Elon Musk's open backing of amerger with Tesla (TSLA) sent shares surging Wednesday, but a Thursday sell-off erased the gain. Shares climbed a bit on Friday on news that the company's…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralSpaceX shares are volatile on better-than-expected results and the prospect of a merger with Tesla.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The third-quarter report beat estimates, according to the item.
  2. 02Connectivity revenue, mostly from Starlink, rose 69% to $5.2 billion.
  3. 03Starlink added 1.6 million subscribers, bringing the total to just under 14 million.
  4. 04Bloomberg reports SpaceX is looking to lease space on 80,000 US cell sites.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Space Exploration Technologies Corp.SPCXStock146.89 USD-0.36%today +1.48%Neutral Tesla, Inc.TSLAStock371.35 USD-0.36%today -0.86%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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