Is SpaceX Burning Too Much Cash? Q3 Earnings Analysis

SpaceX reported third-quarter results that beat Wall Street expectations, and AI was its biggest source of revenue. AI revenue came in at $7.56 billion, ahead of connectivity revenue of $5.25 billion, which also topped estimates of $4.9 billion. Net income of $4.4 billion more than doubled the roughly $1.9 billion analysts expected, and adjusted EBITDA of $8.81 billion beat estimates of $6.59 billion. Total costs and expenses ran higher than expected at $11.8 billion, while capital spending came in just below estimates. Yahoo Finance's Jared Blikre breaks down the numbers and explains why he now calls SpaceX an AI company. Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET with Yahoo Finance Host Josh Lipton. 00:00 SpaceX beats estimates 00:23 Space revenue and capex 00:45 How the stock is trading after hours 01:07 AI is now SpaceX's biggest business 01:50 Net income more than doubles estimates 02:16 Capex and adjusted EBITDA 02:39 SpaceX's chart since its IPO 03:18 What the CFO said #SpaceX #Earnings #ElonMusk == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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