Bitcoin Surges Past $84,000 on SpaceX Earnings Momentum
BTC when published $82,836Now $80,577 ▼ −2.73% since it was published
Bitcoin climbed as high as $84,737 on October 21, its highest level since October 7, after SpaceX posted third-quarter revenue of $14.6 billion and net income of $4.4 billion, according to SpaceX’s third-quarter filing. The results beat consensus estimates by roughly 15% and helped reverse a week-long sell-off in technology stocks that had dragged risk assets, including crypto, lower. SpaceX reported its second set of quarterly results since going public, with revenue surging 161% year over year from $5.6 billion and swinging to $4.4 billion in net income from a $1.1 billion loss a year earlier, Yahoo Finance reported. Diluted earnings per share came in at $0.35, more than double the consensus estimate of $0.16. Adjusted EBITDA reached $8.8 billion, a 306% increase from the prior year.
First reported by FinanceFeeds. This page is a short excerpt; the full text is theirs.
