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SpaceX shares rise 8% amid Musk Tesla merger hints
SpaceX led its strong financial performance in the third quarter, with revenues reaching $14.6 billion—an increase of 161% year-over-year—causing its stock to rise by 8%. The company's owner, Elon Musk, announced that he is considering merging SpaceX with Tesla, which could become the largest merger in history, aiming to enhance collaboration and capitalize on advances in artificial superintelligence. SpaceX expects its revenue in the first quarter of 2027 to be between $33 billion and $37 billion, surpassing analysts' expectations of $22.2 billion, with a focus on strengthening satellite internet services and artificial intelligence offerings.
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