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 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…
