SpaceX Earnings Blow Past Wall Street Estimates

SpaceX Earnings Blow Past Wall Street Estimates

SpaceX is blowing past all Wall Street expectations in its second earnings report as a public company. Elon Musk's company posted its first quarterly profit — $4.4 billion, or 35 cents a share, more than double estimates — while spending nearly $20 billion on capex. Ross Gerber of Gerber Kawasaki Wealth and Investment Management, is a shareholder. He says SpaceX should just buy Tesla now. (Source: Bloomberg)