SpaceX’s stock soars as Elon Musk reveals crushing earnings and revenue beat

SpaceX’s stock soars as Elon Musk reveals crushing earnings and revenue beat

Shares of Space Exploration Technologies Corp., Elon Musk’s rocket developer and artificial intelligence company, gained more than 8% in late trading today after posting earnings results that revealed the strong momentum of its AI business.

The company reported third-quarter earnings before certain costs such as stock compensation of 45 cents per share, crushing Wall Street’s forecast of 13 cents, while revenue soared 161% from a year earlier to…