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Why Is SpaceX Stock Surging in Pre-Market Trading?

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Space Exploration Technologies Corporation (NASDAQ:SPCX), commonly known as SpaceX, reportedly rose nearly 10% in pre-market trading on Wednesday following third-quarter financial results that exceeded analyst expectations and reports of discussions about a possible merger with Tesla. According to the supplied report, the company recorded substantial growth in its artificial intelligence and satellite connectivity businesses, alongside its first quarterly profit since becoming publicly traded.

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Why Is SpaceX Stock Surging in Pre-Market Trading?

Space Exploration Technologies Corporation (NASDAQ:SPCX), commonly known as SpaceX, reportedly rose nearly 10% in pre-market trading on Wednesday following third-quarter financial results that exceeded analyst expectations and reports of discussions about a possible merger with Tesla. According to the supplied report, the company recorded substantial growth in its artificial intelligence and satellite connectivity businesses, alongside its first quarterly profit since becoming publicly traded.