SpaceX stock rose about 8% in morning trading to $159.94 after the company reported Q3 2026 results that beat analyst expectations, with revenue of $14.58 billion. On the earnings call, Elon Musk said SpaceX and Tesla have each formed special committees of independent directors to study a merger, while noting there is no agreement on terms and no guarantee of a deal. Musk said he thinks combining the companies would be a good idea, citing shared work in chip design, robotics and connectivity. The Procure Space ETF (UFO) rose 4% to $41.09, Rocket Lab gained 2% to $52.10 and AST SpaceMobile added 0.9% to $41.48, while the SPDR S&P 500 ETF Trust (SPY) was up 0.28% at $770.88.
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SpaceXTSLAElon Muskmergers and acquisitionsearnings
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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