India, Oct. 21 -- Shares of Space Exploration Technologies Corp. or SpaceX (SPCX) were gaining around 9% in the overnight activity on the Nasdaq after Elon Musk's spaceflight company reported a significant profit in its third quarter, compared to prior year's loss, as revenues were boosted mainly by Connectivity as well as Super Intelligence or SI operations.
CFO stated, "The combination of our launch leadership, recurring Starlink revenue, and the significant expansion of our SI infrastructure continues to drive meaningful operating leverage. We are building the infrastructure of the future with discipline - focused on capital efficiency, strong returns on invested capital, and maintaining a robust, investment-grade balance sheet..."
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