Why Did SpaceX Stock Soar Today?

Space Exploration Technologies (SPCX +9.59%) released quarterly results for just the second time as a public company last night. While investors expected growth, what SpaceX reported was surprisingly strong in several respects. Investors reacted by driving the stock sharply higher. As of 10:10 a.m. ET, SpaceX shares were up by 11.9%. Image source: SpaceX. Year-over-year revenue growth of 161% wasn't even the whole story. Most impressive was the source of that revenue. SpaceX's connectivity business is no lo ...

Why Did SpaceX Stock Soar Today? - Reportify