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In early trading, SpaceX's stock price experienced a remarkable surge, soaring over 10% to hit a peak of $162.77. Meanwhile, Tesla's stock also saw a notable uptick, rising over 3% to reach a high of $386.68. SpaceX's financial performance in the third quarter was nothing short of stellar, with revenue skyrocketing by 161% year-on-year to $14.58 billion. The AI business, in particular, witnessed explosive growth, jumping by 195% quarter-on-quarter and a staggering 830% year-on-year to $7.56 billion, marking its debut as the company's largest revenue stream. Musk has made a bold prediction, stating that by the end of 2027, SpaceX's annual recurring revenue will soar to between $500 billion and $1 trillion. Furthermore, both SpaceX and Tesla have taken proactive steps by forming independent director committees to delve into potential transaction opportunities.
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