SpaceX (SPCX.O) shares rose as much as 10% in early trading after the rocket maker reported revenue above Wall Street expectations, including contributions from its AI business. The company also signalled a possible merger with Tesla (TSLA.O); if completed, the deal would combine Musk’s largest companies and rank among the biggest transactions on record.

2026-10-21

SpaceX (SPCX.O) shares rose as much as 10% in early trading after the rocket maker reported revenue above Wall Street expectations, including contributions from its AI business. The company also signalled a possible merger with Tesla (TSLA.O); if completed, the deal would combine Musk’s largest companies and rank among the biggest transactions on record.