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U.S. stocks rise on SpaceX results
U.S. stock indices rose at the market open on Wednesday, supported by improved investor appetite for AI-related stocks following the announcement of strong quarterly results by SpaceX. The company reported a 161% increase in revenue for the third quarter, reaching $14.6 billion, surpassing expectations of $12.72 billion. This led to an more than 8% jump in the company's stock before the market opened. The rise was also coincided with Elon Musk's statements suggesting the possibility of a merger between SpaceX and Tesla, further boosting investor optimism.
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