Business & Economy · 4 views
SpaceX up 10% in premarket after earnings beat and Musk hints at Tesla tie-up
SpaceX jumped in premarket trading on Wednesday after the company reported surging revenue growth in its third quarter, and owner Elon Musk floated a potential SpaceX- Tesla merger.
Summary
SpaceX jumped in premarket trading on Wednesday after the company reported surging revenue growth in its third quarter, and owner Elon Musk floated a potential SpaceX- Tesla merger. The space company, which made its debut on the Nasdaq in the biggest IPO ever in June, reported third-quarter revenue on Tuesday of $14.6 billion, up 161% from the previous year, and beating LSEG consensus estimates of $12.72 billion.
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