Wall Street Debates SpaceX's Vision and Tesla Merger Risks

SpaceX shares surged after its third-quarter earnings beat expectations, marking the company's first profitable quarter, but Wall Street is questioning its aggressive capital spending and potential merger with Tesla. The rocket and AI company reported earnings per share of $0.45 versus $0.13 expected, and revenue of $14.5 billion, up 161% year-over-year, beating forecasts. Net income reached $4.4 billion, reversing a $1 billion loss a year earlier. Analysts are scrutinizing plans to nearly double capital expenditures to $35-40 billion next quarter, Musk's ambitious revenue targets of up to $1 trillion by 2028, and a possible Tesla merger that could create the largest deal in history.