SpaceX Stock Outlook as Elon Musk Announces Special Committees to Explore Tesla Merger

SpaceX (NASDAQ: SPCX) stock price is up 8.77% in pre-market trading today, October 21, after Elon Musk said that the boards of SpaceX and Tesla had formed special committees to explore a merger.

Musk made the announcement during SpaceX’s Q3 2026 earnings call after the company beat Wall Street estimates with a 161% year-over-year increase in total revenue.

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SpaceX and Tesla Boards to Discuss Merger

According to Musk, the two special committees at Tesla and SpaceX had yet to reach an agreement on whether a merger should happen, and there was no guarantee that they would.

“I think some people out there assume that a SpaceX and Tesla merger is a certainty, and I think that would be overstating it,” Musk opined.

The billionaire notes that he is not part of the discussions because of a conflict of interest, but added that there would be “a lot of merit” in combining the two companies because of the synergies in multiple areas.

Musk’s announcement comes shortly after Barclays noted that SpaceX could acquire Tesla in an all-stock deal that could be announced before the annual shareholder meeting on December 3, 2026.

However, data from CoinGape prediction Markets shows that there is only a 22% chance that a merger deal will occur by December 31.

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Q3 2026 Earnings Surpass Estimates

SpaceX reported its earnings for Q3 2026 on October 20. The company reported $14.58 billion in revenue during the quarter, which was higher than the $12.7 billion in revenue that was earlier estimated.

The earnings per share also came in at $0.35, which was also higher than the estimated $0.15. Meanwhile, the adjusted EBITDA came in at $8.81 billion, which was also higher than the estimated $6.59 billion.

The positive earnings have triggered a notable gain for SpaceX stock in pre-market trading. Meanwhile, investors are watching Tesla’s earnings that are also coming out today that could also drive more volatility for SPCX shares.

SpaceX Stock Price Surpasses $161 in After Hours Trading – Will the Uptrend Hold?

SpaceX stock price had gained to reach $161 in pre-market trading at the time of writing. The gains have seen the stock bounce from the crucial support at $143.

If the uptrend holds, Spacex could touch the resistance at the upper Bollinger band at $170. Closing above this price could fuel another bullish leg towards $192.

However, the MACD line has yet to show that the momentum has changed to bullish. A crossover of this MACD line above the zero line could support the upward move.

The shares also face more volatility ahead of another unlock of 328 million SPCX shares on October 24 that could increase the supply and trigger a price correction.