SpaceX jumps 10%, Tesla rises on stunning revenue surge and possible merger

Shares of SpaceX and Tesla soared Wednesday after Elon Musk’s rocket firm reported blowout revenue and a possible merger with his EV maker – sending other tech stocks and the Nasdaq higher. The rocket and satellite firm was up 10% Wednesday morning after reporting third-quarter revenue of $14.6 billion – up a whopping 161% from the previous year. That included roughly $7.6 billion from its AI division – now called SI, a nod to President Trump’s preferred term “super intelligence” – and marked a drastic shif ...

SpaceX jumps 10%, Tesla rises on stunning revenue surge and possible merger - Reportify