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SpaceX stock rises 10% on earnings
Shares of SpaceX surged by 10.4% in pre-market trading after the company announced strong revenue growth in the third quarter, reaching $14.6 billion with an increase of 161% compared to the same period last year, surpassing analysts' expectations. The space company also announced a potential study regarding a merger with Tesla, which drew investor interest, with projections indicating that its revenue could reach between $33 billion and $37 billion in the first year of 2027. The company's results and focus on artificial intelligence projects are boosting demand for cloud computing services related to AI, as the "superintelligence" sector rose to $7.56 billion from $813 million last year, reflecting increased demand and expectations of continued growth in the technology and space sectors.
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