SpaceX (SPCX) opened with its biggest gain since its June debut and is on pace for its best day in two months. The rally follows third-quarter revenue and profit that beat Wall Street estimates, with the AI business now generating nearly half of sales. CEO Elon Musk said SpaceX and Tesla (TSLA) have each formed committees to study a merger. Through Tuesday, SpaceX was down just 2% in October, versus a drop of about 26% for the typical newer space stock. Chris Versace of Tematica Research said the planned $35B to $40B of fourth-quarter spending implies higher capex than the market expected, though it is backed by a $63B backlog, and up to 1.3 billion shares unlock on Thursday.
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SpaceXmergers and acquisitionsIPOearnings
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Related tickers and likely impact
TSLA
• NeutralTesla, Inc.
Relevance: low
| 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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- SpaceX stock soars to its best day in 2 months while space peers climb out of a 26% hole
SpaceX (SPCX) opened with its biggest jump since its June debut and was on pace for its best day in two months. Third-quarter revenue and profit topped Wall Street estimates, and the AI business now brings in nearly half of sales. CEO Elon Musk said SpaceX and Tesla (TSLA) have each formed committees to study a merger. Through Tuesday, SpaceX was down 2% in October, versus about 26% for the typical newer space stock. Its planned $35 billion to $40 billion of fourth-quarter spending is seen as higher than expected, though backed by a $63 billion backlog, while up to 1.3 billion shares unlock on Thursday.
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