SpaceX Stock Jumps 10% on First Post-IPO Profit, Tesla Merger Explored

Space Exploration Technologies (NASDAQ: SPCX) shares surged 9. 66% to $162. 06 in pre-market trading Wednesday after the company reported its first quarterly profit since its June public listing and disclosed that independent committees at SpaceX and Tesla are evaluating a possible merger.

SpaceX reported third-quarter net income of $4. 4 billion, or $0. 35 per diluted share, after posting a $541 million loss in the second quarter and a $1.

1 billion loss a year earlier. Visit Website