SpaceX Posts Q3 Earnings of $4.4 Billion, Beating Wall Street Estimates

SpaceX (SPCX) reported third-quarter earnings of $4.4 billion on Tuesday, topping analyst forecasts, the Starbase, Texas-based company said. Net income came to 35 cents per share, well above the 10 cents per share average estimate of nine analysts surveyed by Zacks Investment Research. The Elon Musk-led spaceflight and satellite communications company posted revenue of $14.58 billion for the period, also beating Street forecasts. Ten analysts surveyed by Zacks had expected $12.54 billion.