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Wednesday, October 21, 2026Updated 13:12 UTC

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SpaceX turns a profit after a string of losses as its satellite and computer leasing businesses soar

Source: Phys.org · Oct 21, 2026 08:48 UTC

Illustration of the Sentinel-6 Michael Freilich satellite orbiting above Earth — Illustration NASA · Public domain · Source

The Quick Take

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.

Read the full story at Phys.org

Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to Phys.org.