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SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses.
Elon Musk’s satellite, rocket and AI conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. Revenue increased 161% from a year ago and also beat expectations.
SpaceX shares rose in New York after the close of regular trading.
For instant reaction and analysis, Bloomberg Businessweek Daily guest hosts Norah Mulinda and Alexis Christoforous speak with:
Ed Ludlow, Bloomberg Tech co-host
George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well-known investors and business leaders.
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses.
Elon Musk’s satellite, rocket and AI conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. Revenue increased 161% from a year ago and also beat expectations.
SpaceX shares rose in New York after the close of regular trading.
For instant reaction and analysis, Bloomberg Businessweek Daily guest hosts Norah Mulinda and Alexis Christoforous speak with:
Ed Ludlow, Bloomberg Tech co-host
George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Bloomberg Technology is the only daily news program focused exclusively on technology, innovation and the future of business.
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Earnings Special: SpaceX Profit Beats Estimates on Big Jump in AI Revenue
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses.
Elon Musk’s satellite, rocket and AI conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. Revenue increased 161% from a year ago and also beat expectations.
SpaceX shares rose in New York after the close of regular trading.
For instant reaction and analysis, Bloomberg Businessweek Daily guest hosts Norah Mulinda and Alexis Christoforous speak with:
Ed Ludlow, Bloomberg Tech co-host
George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Paul Sweeney and the Bloomberg News team cover the day's market action, with analysis from Bloomberg Intelligence analysts, Bloomberg Opinion writers and influential newsmakers.
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
SpaceX exceeded estimates for quarterly revenue and profit, driven by substantial growth in its artificial intelligence and satellite internet businesses.
Elon Musk’s satellite, rocket and AI conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion. Revenue increased 161% from a year ago and also beat expectations.
SpaceX shares rose in New York after the close of regular trading.
For instant reaction and analysis, Bloomberg Businessweek Daily guest hosts Norah Mulinda and Alexis Christoforous speak with:
Ed Ludlow, Bloomberg Tech co-host
George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Bloomberg Daybreak delivers today's top stories, with context, in just 15 minutes. Get informed from Bloomberg's 2,700 journalists and analysts in 120 countries.
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Bloomberg Podcasts Conversation Starter @bloombergpodcasts
The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF (http://bit.ly/3vTiACF)
Netflix reported earnings for the third quarter that exceeded Wall Street expectations, but forecast a fourth consecutive quarter of slowing sales growth. Meanwhile, SpaceX reported revenue for the third quarter that beat the average analyst estimate, sending the companies shares rising in the aftermarket. Elon Musk’s satellite, rocket and artificial intelligence conglomerate posted $4.4 billion in net income for the quarter ended in September, far better than analysts’ average projection of $1.88 billion.
On today's episode:
Ed Ludlow, Co-Host of Bloomberg Tech
George Ferguson, Bloomberg Intelligence Global Head of Aerospace, Defense & Airline Analysis
Brody Ford, Bloomberg New Tech Reporter
Prashant Gopal, Bloomberg News US Real Estate Reporter
See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information.
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.
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