SpaceX shares jumped after demand for its computing power exceeded expectations, lifting the broader artificial-intelligence stock group along with it. Elon Musk also hinted at a possible tie-up with Tesla in the same update. Shares in SpaceX jumped sharply after demand for the company's computing power exceeded Wall Street's expectations, a result that lifted the broader group of artificial-intelligence-linked stocks along with it.

Investors see SpaceX's satellite and data-processing capacity as a meaningful pillar supporting the AI boom. In the same update, Elon Musk offered fresh hints about a possible merger between Tesla and SpaceX, a remark that added to trading activity in both companies' shares. Musk did not lay out a concrete plan on the matter.

The move came during a period when markets have remained uneasy about how AI infrastructure spending is being financed, and SpaceX's strong results helped ease some of that concern for the day.