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via finance.yahoo.comBusiness & Companies

SpaceX earnings beat estimates, shares volatile amid 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: expected bullishEarnings above estimates and mobile network plans may support SpaceX and Tesla shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SpaceX's third-quarter report beat estimates, with connectivity revenue up 69% to $5.2 billion.
  2. 02Starlink added 1.6 million subscribers, bringing the total to just under 14 million.
  3. 03SpaceX is reportedly in talks to lease space on 80,000 cell sites across the US.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Tesla, Inc.TSLAStock371.17 USD+0.04%today -0.91%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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