SpaceX posts 161% revenue surge as Musk vows child share giveaway

New York Post • 20 Oct 22:42

SpaceX posted third-quarter revenue of $14.58 billion, driven by its AI division, and its shares rose 4% in after-hours trading while discussions of a possible merger with Tesla continue.

ABC News - Breaking News, Latest News and Videos • 20 Oct 21:44

SpaceX posted a 161% year-over-year revenue increase for the quarter ending September, turning a $1.05 billion loss into a $4.40 billion profit, boosted by its AI unit and Starlink service.

CNBC • 20 Oct 17:10

Elon Musk announced a plan to give every U.S. child a share of SpaceX, which could be placed in Trump Accounts that are subject to Treasury regulations restricting early sales.

CNBC • 20 Oct 16:10

SpaceX's stock hovered around $148 as analysts weighed AI revenue growth, Starship testing and recent lockup-related volatility ahead of its third-quarter earnings release.

Yahoo Finance • 20 Oct 14:22

SpaceX will release its third-quarter results on Oct. 20, with analysts expecting revenue of $12.7 billion and highlighting growing AI-related expenditures as a key risk factor.

Business Insider • 20 Oct 10:51

President Donald Trump praised Elon Musk's announcement to donate one SpaceX share to each child in the United States, a move valued at roughly $10 billion.

Business Insider • 20 Oct 10:31

SpaceX reported quarterly results as it weighs expanding Starlink into a mobile network, a move that could affect the company's profitability and capital allocation.

Yahoo Finance • 19 Oct 17:52

SpaceX founder Elon Musk said he will distribute a share of the company to each child in the United States, while COO Gwynne Shotwell has pledged a separate stock donation for millions of youngsters.

Business Insider • 19 Oct 08:43

Elon Musk announced plans to distribute one SpaceX share to every child in the United States, a giveaway valued at roughly $10.5 billion, and said it could be the first of several similar initiatives.