Elon Musk's merger signal boosts SpaceX and Tesla shares
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.
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%.
Sources
- rudaw.net · Link