SpaceX up 8% in premarket after earnings beat and Musk hints at Tesla tie-up

According to CNBC, SpaceX shares jumped about 8% in premarket trading after the company reported third‑quarter revenue of $14.6 billion, a 161% increase year‑over‑year that exceeded consensus estimates, and posted net income of $4.4 billion versus a loss a year earlier.

On the earnings call, Elon Musk said he is considering a merger with Tesla, noting that both boards have set up committees to study a combination, and the company projected first‑quarter 2027 revenue between $33 billion and $37 billion, well above analyst forecasts, driven by Starlink recurring revenue and a ninefold rise in its Super Intelligence segment to $7.56 billion.

Analysts highlighted insatiable demand for AI cloud capacity and continued pricing power, which lifted shares of other space firms and cloud providers such as Coreweave and Nebius in premarket trading.

Source

SpaceX up 8% in premarket after earnings beat and Musk hints at Tesla tie-up — CNBC