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SpaceX's Launch Business Wasn't Profitable Last Quarter, but Here's the Hidden Upside

Source: fool.com

Corporate EarningsCompany FundamentalsTechnology & Innovation
SpaceX's Launch Business Wasn't Profitable Last Quarter, but Here's the Hidden Upside

SpaceX's space segment posted a small operating loss in Q3, largely because of significant R&D costs. The company uses its rockets to launch Starlink satellites, building the network that supports its profitable connectivity segment.

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