EconomySpaceX Earnings Blow Past Wall Street Estimates

Name: SpaceX Earnings Blow Past Wall Street Estimates
Uploaded: 2026-10-20T20:42:09.000Z
Description: SpaceX far exceeded Wall Street expectations in its second earnings report as a public company. Elon Musk’s company posted its first quarterly profit, $4.4 billion or 35 cents a share—more than double estimates—while spending nearly $20 billion on capital expenditures. Shareholder Ross Gerber said SpaceX should buy Tesla now.

SpaceX far exceeded Wall Street expectations in its second earnings report as a public company. Elon Musk’s company posted its first quarterly profit, $4.4 billion or 35 cents a share—more than double estimates—while spending nearly $20 billion on capital expenditures. Shareholder Ross Gerber said SpaceX should buy Tesla now.

Bloomberg Television 2026-10-20 20:42