SpaceX Swings to $4.4B Profit as Q3 Revenue Jumps to $14.6B
SPCX sits 44% above its 52-week low of $104.83.
Summary
SpaceX posted Q3 revenue of $14.6 billion and net income of $4.4 billion, flipping from a loss a year ago — its first quarterly profit since going public. The top line roughly doubled year-over-year, a sharp acceleration from the $7.8 billion reported in Q2, when the company was still deep in an AI capex cycle ($18.4 billion of quarterly spend) and posting a net loss. Note the growth rate discrepancy: the 8-K filed at 20:00 ET cites 161% year-over-year growth, while the WSJ item says 116% — worth reconciling before trading off the print. Profitability is the headline change here; the prior quarter's story was revenue growth funded by heavy spending, and this quarter answers whether that spending converts. Shares have been volatile since the June peak of $225.64 and the July slide to $113.50, so a profit milestone at this scale is a genuine thesis update rather than noise.
At the time of this announcement, SPCX was trading at $150.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $2T. The 52-week trading range was $104.83 to $225.64. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.