SpaceX surpasses expectations in first earnings report since going public

SpaceX has announced a significant surge in its quarterly revenue, nearly doubling its earnings in the first financial report released since the company went public in June. This performance has surpassed initial expectations and signals strong financial momentum for the aerospace manufacturer.

The company's debut as a publicly traded entity has been met with positive financial indicators, with the reported revenue figures highlighting substantial growth. While specific figures were not detailed in the provided text, the near doubling of quarterly revenue indicates a robust increase in business activity and profitability.

CBS News MoneyWatch correspondent Kelly O'Grady provided further insights into SpaceX's financial performance. The company's strong showing in its first earnings report as a public entity suggests a successful transition to the public market and reinforces its position in the aerospace industry.

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SpaceX says its quarterly revenue nearly doubled in its first earnings report since going public in June.