SpaceX turns a profit after a string of losses as its satellite and computer leasing businesses soar
SpaceX reported a bigger quarterly profit than expected Tuesday as its satellite communications operations and its business of leasing computing power to other companies boomed.
TL;DR
- SpaceX reported a larger quarterly profit than expected.
- The profit increase was attributed to booming satellite communications operations.
- The company's business of leasing computing power also experienced significant growth.