Linde just reported solid quarterly earnings, beating expectations with adjusted EPS of $4.09 (vs $4.03 est) and 5% higher sales at $8.5B. The company highlighted rapid growth in its commercial space business—revenues there have nearly quadrupled in three years. They supply gases for over 80% of U.S. commercial space launches, and new long-term supply deals are fueling double-digit growth in this segment. Linde also raised its 2025 earnings guidance. Interesting to see an industrial gases supplier ride the space wave so hard.