Business · Companies · 3 hrs ago
SpaceX Shares Rise 2% as Revenue More Than Doubles
SpaceX reported its second earnings results since becoming a public company.
Its revenue more than doubled, though no revenue figure was given.
SpaceX shares rose 2% after the results.
Investors can use company earnings to assess how its business is performing.
The wider US stock market also finished higher, with the Dow up 1% and the S&P 500 rising, while the Nasdaq ended near flat.
Hopes for progress in US-Iran diplomacy helped lift stocks, and Brent crude fell below $109 a barrel.
SpaceX shares rose 2% after the company reported that revenue more than doubled.
The report was the company’s second earnings report as a public company.
The article also reported that Netflix shares slipped after slow revenue growth.
U.S. stocks finished higher amid hopes for progress in U.S.-Iran diplomacy.
- Who
- SpaceX.
- What
- The company reported revenue more than doubled, and its shares rose 2%.
- When
- October 20, 2026.
- Where
- Not stated.
- Why
- The article linked the share rise to SpaceX’s report of more than doubled revenue.
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This story does not have a timeline yet.
- Share movement
- SpaceX shares rose 2%
- Revenue
- More than doubled
- Reporting status
- Second earnings report as a public company
- Publication date
- October 20, 2026