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SpaceX up 9% premarket after Q3 earnings beat as Musk floats Tesla tie-up

cnbc.com reported SpaceX shares were up 9% in premarket after an earnings beat and said owner Elon Musk floated a potential SpaceX‑Tesla merger.

MarketAlleys Research Desk

Published · 3 min read

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Illustration for: SpaceX up 9% premarket after Q3 earnings beat as Musk floats Tesla tie-up
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What happened

Cnbc.com reported on Oct 21, 08:05 UTC that SpaceX was up 9% in premarket after an earnings beat. The report concerned SpaceX and its owner, Elon Musk, and referenced share moves before the market open.

cnbc.com said SpaceX reported surging revenue growth in its third quarter and that owner Elon Musk floated a potential SpaceX‑Tesla merger.

Stocks market context

As of Oct 20, 20:00 UTC Finnhub shows the SPY ETF at $769.05 (rose 0.34% from the prior close), the QQQ ETF at $717.63 (fell 0.10% from the prior close), NVIDIA at $216.47 (fell 0.29% from the prior close), Apple at $339.50 (fell 1.00% from the prior close) and Tesla at $373.71 (rose 1.54% from the prior close).

Instrument Last Change Basis As of Source
S&P 500 (via SPY ETF) $769.05 +0.34% vs prior close Oct 20, 20:00 UTC Finnhub
Nasdaq 100 (via QQQ ETF) $717.63 -0.10% vs prior close Oct 20, 20:00 UTC Finnhub
NVIDIA $216.47 -0.29% vs prior close Oct 20, 20:00 UTC Finnhub
Apple $339.50 -1.00% vs prior close Oct 20, 20:00 UTC Finnhub
Microsoft $531.87 -0.31% vs prior close Oct 20, 20:00 UTC Finnhub
Amazon $262.63 +0.07% vs prior close Oct 20, 20:00 UTC Finnhub
Alphabet $340.28 -1.13% vs prior close Oct 20, 20:00 UTC Finnhub
Meta Platforms $694.25 -1.59% vs prior close Oct 20, 20:00 UTC Finnhub
Tesla $373.71 +1.54% vs prior close Oct 20, 20:00 UTC Finnhub
JPMorgan Chase $335.26 +0.52% vs prior close Oct 20, 20:00 UTC Finnhub

Yahoo published multiple related items, including headlines saying Elon Musk says talks are ongoing to merge Tesla and SpaceX and that he teased a Tesla merger and a $1 trillion milestone for SpaceX. Yahoo also ran pieces on AI infrastructure stocks investors are watching and on analyst commentary about a potential Tesla‑SpaceX tie‑up.

What to watch

Finnhub lists TSLA Q3 2026 earnings as due Wed Oct 21 (after the close) with an EPS estimate of 0.44.

  • Wed Oct 21 (before the open) — ELV Q3 2026 earnings · EPS estimate 4.73
  • Wed Oct 21 (before the open) — T Q3 2026 earnings · EPS estimate 0.61
  • Wed Oct 21 (after the close) — META Q3 2026 earnings · EPS estimate 6.00
  • Wed Oct 21 (after the close) — TSLA Q3 2026 earnings · EPS estimate 0.44
  • Thu Oct 22 (before the open) — VLO Q3 2026 earnings · EPS estimate 21.17
  • Thu Oct 22 (before the open) — CMCSA Q3 2026 earnings · EPS estimate 1.01

Sources and data

  • cnbc.com (secondary source) — SpaceX up 9% in premarket after earnings beat and Musk hints at Tesla tie-up
  • Yahoo (secondary source) — 3 AI Infrastructure Stocks Investors Are Watching After Elon Musk Floated A SpaceX Tesla Tie Up
  • Finnhub (market data) — market data

Market data as of Oct 20, 20:00 UTC; report generated Oct 21, 08:40 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.

Terms in this article

Sources & data

  1. cnbc.com (secondary, retrieved Oct 21, 2026, 08:42 AM UTC)
  2. Yahoo (secondary, retrieved Oct 21, 2026, 08:42 AM UTC)
  3. Finnhub (market-data, retrieved Oct 21, 2026, 08:42 AM UTC)

Market data as of Oct 20, 2026, 08:00 PM UTC.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools, built only from the cited sources and validated by rules described in our methodology. Spot an error? Request a correction.

Ask about this story

Questions are answered only from this article and the sources it cites.

MarketAlleys provides news and analysis for information only; it is not investment advice or a recommendation to buy or sell any security. Markets involve risk. Risk disclaimer.

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