Space Exploration Technologies (NASDAQ: SPCX) just reached a major milestone: its first profitable quarter as a public company. During the third quarter, SpaceX generated $0.35 in earnings per share. This wasn't a fluke or the result of a one-time event; it produced positive operating income, which was then boosted by various factors to deliver its first profitable quarter. That's a major step, but does it point toward SpaceX stock being a buy right now? Let's take a look. Image source: The Motley Fool.
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