Stock Market Today: Nasdaq Opens Higher; SpaceX Shares Surge on Tesla Deal Talks — Live Updates

SpaceX (SPCX) shares surged after the rocket company beat Wall Street's revenue expectations, including from its AI business. The move gave the artificial-intelligence trade a boost as the Nasdaq opened higher.

The WSJ headline also ties the rally to Tesla deal talks, a second catalyst layered on top of the earnings beat. The two drivers are explicitly linked in the coverage, though the relative weight each carried in the move is not specified.

The revenue beat matters most for what it included: the AI business contributed to the upside versus consensus. Interpretation: that detail suggests buyers are treating SPCX as an AI-exposed name rather than purely a launch company, which can pull in momentum flows that track the broader AI trade. That is analysis, not reported fact.

The Nasdaq's higher open provided a supportive backdrop. A tech-led tape tends to amplify moves in AI-linked leaders, so SPCX's surge may partly reflect sector tone alongside company-specific news. Again, that is interpretation of the supplied evidence.

Two catalysts at once, a beat and deal talks, create a gap-up setup where price has already moved before details are confirmed. Chasing strength on unconfirmed talks carries headline risk in both directions.