{
  "id": 15801623,
  "title": "SpaceX turns a profit after a string of losses as its satellite and computer leasing businesses soar",
  "url": "https://urgent.news/2026/10/20/spacex-turns-a-profit-after-a-string-of-losses-as-its-satellite-and",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T20:50:48.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/arts-and-life/life/sci-tech/2026/10/20/spacex-turns-a-profit-after-a-string-of-losses-as-its-satellite-and-computer-leasing-businesses-soar"
  },
  "original_language": "en",
  "account": "New York (AP) — SpaceX revealed a larger-than-anticipated quarterly profit on Tuesday, thanks to the growth in its satellite communications and computer leasing businesses. The company, founded by Elon Musk, reported net income of $4.4 billion, or 35 cents per share, for the three months ending in September, which is more than double the expectations of Wall Street analysts. Revenue for the period jumped 161% to $14.6 billion. This marks a stark contrast to the company's string of losses over the past year. The profit was driven by a surge in capital expenditures, totaling $19.6 billion for the quarter, nearly triple the amount from the previous year.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}