BUZZ – SpaceX shares rise due to strong performance, Musk proposes Tesla merger plan

October 21 - ** SpaceX (SPCX.O) share price rose 9% in pre-market trading to $161.07

** The company reported that, driven by the surge in artificial intelligence business and the steady growth of Starlink satellite internet, third-quarter revenue (link) increased by 161%

** According to data compiled by London Stock Exchange Group (LSEG), third-quarter revenue was $14.6 billion, higher than analysts' expectations of $12.72 billion

** Elon Musk stated that merging his two companies, SpaceX and Tesla TSLA.O, would be a "good idea," and that both companies have formed a special committee to discuss the merger

** Tesla's share price rose by 1.8%

** SpaceX's share price is about 9.5% higher than the IPO issue price of $135, while Tesla's share price has fallen by about 17% so far this year

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