Why SpaceX Stock Popped After Earnings

SpaceX stock surged 10.5% after beating Q3 earnings expectations with $0.35 EPS versus forecasted $0.16. The company's Super Intelligence division became profitable with $431M earnings, while Connectivity grew 69% to $5.2B in revenue. However, the Space division turned unprofitable. Total revenue reached $14.6B with 161% growth, though capital expenditure remains a significant cash drain at $48.1B year-to-date.