SpaceX Shares Jump Nearly 9% Premarket Following Quarterly Results

SpaceX shares rose nearly 9% to $161.08 before the U.S. market opened Oct. 21 following its quarterly results, while stock-index futures and AI-linked shares also advanced.

Futures on all three major U.S. stock indexes were higher. Nasdaq 100 futures gained about 0.8%. Tesla shares rose 2.67% to $383.68 ahead of the opening bell.

Chipmakers joined the early gains. Nvidia climbed 1.8%, AMD 2.5% and Intel 2.9%. SanDisk rose 2.9%, Western Digital 2.1% and Seagate Technology 2.4%.

Other AI-linked companies also advanced. Credo gained more than 5.2%, Lumentum about 3.98% and CoreWeave about 2.95%, extending the premarket gains beyond chipmakers.

Crypto-related shares moved higher as well. BNB Standard gained more than 7.8%, while Strategy rose about 1.99%. Those figures reflect moves in the companies’ shares before regular trading began.

SpaceX joined the Nasdaq 100 in July, placing its shares in the index whose futures rose before the open.