SpaceX is trading 10.44% higher now at $163.22, following strong third-quarter results reported October 20.
- Revenue reached $14.6 billion, up 161% year over year and above estimates; net income was $4.4 billion.
- The report highlighted growth in AI and satellite services.
- Elon Musk said SpaceX and Tesla formed special committees to discuss a potential merger; CNBC linked the sharp premarket move to the results and merger news.