New York [US], October 21: SpaceX reported Q3 revenue of $14.6 billion, easily beating Wall Street consensus estimates of $12.87 billion, driven by 161% year-over-year top-line growth.
The company posted adjusted earnings per share of $0.35-more than double the $0.15 consensus estimate-while net income surged to $4.4 billion, well ahead of the expected $1.88 billion.
The company said top-line acceleration was anchored by the company's Super Intelligence (SI) division, which generated $7.6 billion in revenue against expectations of $6.3 billion. The Connectivity segment contributed $5.2 billion (vs. $4.9 billion estimated), fueled by accelerating Starlink consumer adoption and expanding enterprise and government contracts. Space segment revenue reached $1.8 billion, exceeding the $1.43 billion target.
Source: Emirates News Agency