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SpaceX shares rise 8% on Tesla merger hint
SpaceX announced strong financial results for the third quarter, recording revenues of $14.6 billion, a 161% year-over-year increase, surpassing analyst expectations of $12.72 billion. The company reported an operating profit of $2.8 billion and a net profit of $4.4 billion, compared to previous losses. At the same time, Elon Musk indicated his study of merging SpaceX with Tesla, which could be the largest merger in history, aiming to leverage advances in artificial intelligence and collaboration between the two companies. The company anticipates that its revenues will exceed $33 billion in the first quarter of 2027, with strong growth in the communications and AI sectors, especially through the Starlink service.
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