SpaceX shares jump 9% after $4.4 billion Q3 profit
In short
SpaceX shares rose 9% before the market opened after the company reported a $4.4 billion third-quarter profit. Revenue also jumped 161% to $14.58 billion.
This matters because investors saw strong growth from AI data-centre sales and better-than-expected Starlink users. The reporting does not say anything new about any SpaceX-Tesla merger.
What the reporting says
SpaceX shares rose 9% in premarket trading after the company reported a $4.4 billion third-quarter profit, its first since going public. Mint Markets said revenue climbed 161% to $14.58 billion, helped by rapidly growing AI data-centre sales, and Starlink subscriber numbers beat analysts’ expectations. The immediate consequence was a sharp premarket move higher; the reporting does not include any merger details beyond the headline reference.
Why it matters
SpaceX shares gained 9% in premarket trading after the company reported a $4.4 billion third-quarter profit, its first since going public. Revenue rose 161% to $14.58 billion, with growth driven by AI data-centre sales, and Starlink subscriber numbers came in above analysts’ expectations. The market reaction was positive, but the source does not provide the listing venue or any detail on the merger comment mentioned in the headline.