Elon Musk's merger signal boosts SpaceX and Tesla shares

Serdar HocamAuthor & Editor

Elon Musk's announcement that committees have been established to discuss the possibility of a merger between SpaceX and Tesla has stirred stocks and global markets.

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Musk'ın "birleşme" sinyali piyasaları hareketlendirdi: SpaceX ve Tesla hisseleri yükselişte

Elon Musk's announcement that his two giant companies, SpaceX and Tesla, have established special committees to discuss the possibility of a merger caused activity in the markets. Following the development, Tesla shares gained 1%, while SpaceX shares, which announced a 161% increase in third-quarter revenue, rose by 8%.

Following Elon Musk's statements, a positive atmosphere was observed in US stock exchanges and global markets. On Wednesday, US stock futures rose as the S&P 500 index increased by 0.29% and the Nasdaq-100 index by 0.7%, while the Dow Jones index remained flat. In Asian markets, South Korea's Kospi index rose by 2.7% and Japan's Nikkei 225 index by 0.8%, while Hong Kong's Hang Seng index fell by 0.35%. China's domestic markets remained flat, and Australia's S&P/ASX 200 index did not show significant movement. Meanwhile, oil prices showed a downward trend in the energy sector; US Texas crude futures decreased by 1.8% and Brent crude by 0.7%.

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