India, Oct. 21 -- SpaceX shares jumped 10.4% in premarket trading on Wednesday after the company reported strong revenue growth for the third quarter of 2026. The stock also gained attention after billionaire Elon Musk said he was considering a possible merger between SpaceX and Tesla.

SpaceX reported revenue of $14.6 billion in the third quarter, marking a 161% increase from the same period last year. The company also beat analysts' expectations, as LSEG had estimated revenue of $12.72 billion.

The company reported operating income of $2.8 billion and net income of $4.4 billion for the quarter. This marked a major improvement from the same period a year earlier, when SpaceX reported a net loss of $1.05 billion, according to CNBC.

Musk...