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

SpaceX shares rose following the release of robust third-quarter earnings results. CNBC and CNBC Technology reported that the jump occurred after the company reported surging revenue growth and owner Elon Musk suggested a potential merger between SpaceX and Tesla.

The company reported its first quarterly profit since going public, with sales exceeding expectations due to growth in its artificial intelligence business, according to The Mainichi. This prompted buying in AI and semiconductor-related shares following recent weakness.

In Tokyo, stocks rose on Wednesday, with the Nikkei Stock Average increasing 545.82 points, or 0.85 percent, to 64,621.24, according to The Mainichi. The Topix index also finished 0.86 percent higher at 4,043.73.

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