00:00Space exploration technologies surged 7.79% today, following strong quarterly results.
00:08SpaceX launches rockets and spacecraft and operates Starlink,
00:12which provides Internet service through a network of satellites.
00:17SpaceX advanced 7.79% today, as Yahoo reported that strong third-quarter results,
00:24revenue projections, and bullish analyst targets fueled optimism.
00:28The company's SEC filing reported EPS of $0.35 against an estimate of $0.14,
00:39while another Yahoo report said CD raised its price target after the quarter.
00:45With only one report directly linking those developments to the rally, they remain likely factors.
00:52Why does it matter?
00:54Earnings strength and analyst support reinforced the session's broader enthusiasm for compute and AI infrastructure.
01:03Technology rose 1.66% today, so this went much further than the sector did.
01:10More on Tesla-SpaceX merger speculation. Full recap linked.
