SPACE X is trading at BRL 54.69, up 10.66%, after third-quarter revenue topped analyst estimates.

  • Revenue was $14.6 billion, up 161% year over year and above analyst estimates.
  • Net income was $4.4 billion, versus a loss a year earlier. CNBC reported shares jumped in premarket trading following the results.
  • Elon Musk also floated a potential SpaceX–Tesla merger, but the earnings beat is the clearest reported catalyst for the move.