SpaceX posts $14.58b in Q3 sales, up 161% from a year ago

SpaceX, Elon Musk's space company, disclosed Tuesday (local time) that its third-quarter sales reached $14.58 billion, a 161 percent increase from the same period a year earlier.

The result far exceeded the average analyst forecast of $12.72 billion compiled by the London Stock Exchange Group (LSEG).

Adjusted earnings per share also came in at 35 cents, nearly three times the market consensus estimate of 13 cents.