SpaceX stock soars on blowout earnings that see revenue surge 161% — as Musk talks Tesla merger

Source: New York Post

SpaceX shares surged in after-hours trading Tuesday after the rocket and satellite giant reported a whopping 161% jump in quarterly revenue — fueled by an AI business that has overtaken its Starlink internet service as the company’s biggest moneymaker. The results came as rumors of a possible SpaceX-Tesla merger have been percolating — and Elon Musk, the CEO of both companies, said on an earnings call that the businesses have formed special committees of independent directors to discuss a possible union “at the request of shareholders. ” The multi-billionaire, who said he cannot participate in the talks because of conflicts of interest, nevertheless voiced support for a deal.