$SPCX Update | Earnings Beat & 15%+ Rally 🔥 SPCX pumped over 15%, playing out as mapped in the previous analysis ✅ SpaceX reported strong Q3 results, with revenue surging 161% YoY to $14.58B, beating estimates. Adjusted EBITDA reached $8.81B, while net income came in at $4.4B, more than double the $1.88B expected. However, capital spending reached $19.59B, raising questions about future cash flow. Elon Musk also confirmed that SpaceX and Tesla have formed committees to discuss a potential merger, adding another major catalyst to watch. The strong earnings beat and merger discussions boosted market sentiment, pushing SPCX sharply higher after hours. The next focus is whether price can sustain this momentum and continue its upside move.
PipfessorShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.