Is It Too Late to Buy SpaceX Stock After Its Monster Third-Quarter Earnings Report? Here's the Answer.
Space Exploration Technologies' stock price is rallying after earnings, but the most meaningful gains for shareholders won't come from just one quarterly report.
On October 20th, Space Exploration Technologies (SPCX) released its third-quarter earnings report, surpassing analyst estimates with revenue of $14.5 billion and adjusted earnings per share of $0.45. The company reported a net income of $4.4 billion, marking a significant improvement from the prior year's net loss of over $1 billion.
Since going public in June, SpaceX's stock has experienced significant price fluctuations, but its long-term potential remains strong. With an ambitious total addressable market (TAM) of $28.5 trillion, including $26.5 trillion in artificial intelligence, the company's AI division has already generated $7.6 billion in revenue. While there is still a long road ahead to fully capitalize on this potential, investors with a long-term perspective and the ability to handle volatility may find that it's not too late to invest in SpaceX.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
