SpaceX rises after strong results, Musk floats Tesla merger

Tesla

Yesterday 09:21

** SpaceX SPCX.O shares rise 9% to $161.07 premarket
** Co reports 161% rise in rev for Q3, buoyed by a surge in its AI business and steady growth at its Starlink satellite-internet unit
** Q3 rev stood at $14.6 billion, compared with analysts' estimate of $12.72 billion, according to data compiled by LSEG
** Elon Musk says a merger of his two companies, SpaceX and Tesla TSLA.O, would be "a good idea" and that they formed special committees to discuss a union
** Tesla shares up 1.8% 
** SPCX is ~9.5% above $135 IPO price, while TSLA has lost ~17% YTD

 (Reporting by Joel Jose in Bengaluru)
 ((joeljose@thomsonreuters.com))