India, Oct. 21 -- SpaceX's shares rallied in premarket trading on Wednesday, October 21, as Elon Musk's aerospace company announced an uptick in revenue during the third quarter of 2026 along with the resumption of profits, with investors becoming interested in a potential merger between SpaceX and Tesla following confirmation of formation of special committees by Musk at both companies to review the proposal.

According to the SpaceX report, the company's third quarter 2026 revenue stood at $14.58 billion, indicating a massive growth of 161% from $5.6 billion a year ago. Net income rose to $4.4 billion compared with the net loss of approximately $1.1 billion in the corresponding quarter last year.

SpaceX's revenue was much higher than a...