SpaceX stock surges over 9% in US pre-market

On October 21, according to Bitget market data, SpaceX shares rose over 9% in US premarket trading, with the company's Q3 performance outpacing market expectations. Musk stated his confidence in bringing 10 gigawatts of computing power online by 2027, projecting that the company's annual recurring revenue (ARR) will reach $500 billion to $1 trillion by the end of 2027.

Prior reports noted that Musk revealed SpaceX and Tesla have formed a special committee to officially begin evaluating a merger plan.