Bitcoin price tags $84.6K as US stocks head higher on SpaceX Q3 earnings beat
BTC when published $84,495Now $80,577 ▼ −4.64% since it was published
Bitcoin extended gains to approach $85,000 after US stock markets reacted to higher-than-expected SpaceX earnings. Bitcoin (BTC) passed $84,000 after Wednesday’s Wall Street open as US stocks added to gains on more strong corporate earnings reports. Data from TradingView showed BTC/USD gaining nearly 2% on the day as markets reacted to a significant Q3 earnings beat from SpaceX. After the market close on Tuesday, SpaceX reported a Q3 revenue of $14.6 billion, up 161% year-on-year and beating expectations by nearly 15%. The net income of the company was $4.4 billion for the quarter. “The combination of our launch leadership, recurring Starlink revenue, and the significant expansion of our SI infrastructure continues to drive meaningful operating leverage,” chief financial officer Bret Johnsen commented on the earnings release.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
