SpaceX up 10% in premarket after earnings beat and Musk hints at Tesla tie-up

SpaceX shares rose following the reporting of surging third-quarter revenue growth and its first quarterly profit since going public. According to The Mainichi, stronger-than-expected sales were boosted by growth in the company's artificial intelligence business. CNBC Technology and CNBC also reported that owner Elon Musk floated the possibility of a SpaceX-Tesla merger.

The release of these earnings results coincided with a rise in Tokyo stocks on Wednesday. The Nikkei Stock Average ended up 545.82 points, or 0.85 percent, while the Topix index finished 0.86 percent higher, according to The Mainichi. However, The Mainichi noted that gains were limited compared to recent declines ahead of earnings reports from major technology companies.

Brief written by urgent.news from CNBC Technology, CNBC World, CNBC, The Mainichi — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.