SpaceX stock jumps 10% as revenue surges 161% to $14.6 billion and Elon Musk weighs Tesla merger

SpaceX shares jumped 10.4% in premarket trading on Wednesday after the company reported strong revenue growth for the third quarter of 2026. The stock also gained attention after billionaire Elon Musk said he was considering a possible merger between SpaceX and Tesla.

SpaceX reported revenue of $14.6 billion in the third quarter, marking a 161% increase from the same period last year. The company also beat analysts’ expectations, as LSEG had estimated revenue of $12.72 billion.