Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

SpaceX Surges 10% Pre-Market, Tesla Rises Nearly 2% as Musk Announces Merger Committee

Source Tradingkey

TradingKey - Musk announces the formation of a merger committee, sending SpaceX stock surging 10% pre-market while Tesla rises nearly 2%.

On October 21 ET, stock prices of Elon Musk's two major companies both posted strong gains in pre-market trading, with SpaceX (SPCX) surging nearly 10%, decisively breaking through the $160 mark to trade at $162.07; Tesla (TSLA) rose nearly 2%, briefly touching $383.

spacex-spcx-price-16a51b97921940aaa6a910a8e1bb3ca5 SpaceX stock price chart, Source: TradingView

In yesterday's post-market trading, Musk made a bombshell announcement regarding the formation of a merger committee to explore deep strategic integration or capital structure consolidation among aerospace and satellite giant SpaceX, social media and AI platform X / xAI, and electric vehicle and robotics giant Tesla. Following the announcement, capital markets reacted swiftly, with both SpaceX and Tesla stocks posting gains of varying degrees. Naturally, the surge in SpaceX's stock price was also fueled by its newly released, better-than-expected earnings report.

Although a merger between the two major companies could bring many benefits—such as an ultimate closed loop between AI computing power and edge applications, satellite-to-ground networking for aerospace communications and localized automation, as well as capital economies of scale and complementary balance sheets—potential risks or headwinds cannot be overlooked, particularly the prospect of strict antitrust scrutiny by regulatory agencies (SEC / FTC).

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 20, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 20, 2026. Read on for the details.

Author Mitrade

Oct 20, Tue

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 20, 2026. Read on for the details.

Dollar presses 102 as the 10-year yield sits at 5.14% — and October hike odds are only 17%The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Author Irene Q.

Oct 20, Tue

The dollar index closed at 101.99 (+0.20%) on Monday after briefly topping 102.07, while the 10-year Treasury yield rose to 5.14% and the 2-year hit 4.774% — yet futures price only about a 17% chance of a hike at the October 27-28 FOMC, versus roughly 90% for December. The driver is a global bond selloff, not a Fed repricing: France's 10-year OAT jumped to 4.84% ~ 4.94% and the OAT-Bund spread widened to 140 ~ 146bp. Here are the levels, the cross-asset read-through and what to watch.

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - October 22, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 22, 2026. Read on for the details.

Author Mitrade

23 hours ago

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for October 22, 2026. Read on for the details.

Meta's AI bill just hit $145 billion — and it issued a new share class to pay for it Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

Author Irene Q.

19 hours ago

Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

18 hours ago

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Popular Symbols