Tesla stock surges as Elon Musk unveils SpaceX-powered flying Roadster
Tesla debuted its long-awaited next-generation Roadster at a Texas test site, featuring SpaceX-developed thrusters that allow it to hover. The reveal triggered a massive volume spike in crypto markets and tokenized equity contracts.
⚡ Key numbers:
- 2028 – targeted start year for production of the next-gen Roadster
- 4.9% – jump in Hyperliquid’s TSLA perpetual contract value overnight
- $47 million – hourly trading volume on Hyperliquid following the demo
- $2 trillion – current estimated market valuation of SpaceX
SpaceX thrusters power new electric sports car
Elon Musk showcased the futuristic vehicle during a livestreamed event from a SpaceX test facility in McGregor, Texas. The demonstration featured the Roadster driving up a ramp, utilizing cold gas thrusters to adjust mid-air, and landing securely.
The sports car incorporates an onboard compressor system maintaining a supply of compressed air. Musk candidly noted during the presentation that the machine was engineered for extreme performance rather than standard regulatory safety compliance.
“This is not necessarily a safety-optimized car”
— Elon Musk, Tesla CEO (via CNBC)
HERE IT IS. The Next Generation Roadster developed by SpaceX and Tesla!
There is a fan-suction system at the bottom of the car that can pull up to 2 gs allowing it to stick upside down.
It just flipped UPSIDE DOWN with cold gas thrusters and landed. HOLY SHIT. pic.twitter.com/S8JgcQHVRt
— Nic Cruz Patane (@niccruzpatane) October 16, 2026
Crypto markets and tokenized assets react strongly
Traders rushed into digital asset markets while traditional U.S. exchanges remained closed for the night. Platforms such as Hyperliquid recorded a massive surge in hourly trading volumes as perpetual contracts tracking Tesla's stock experienced heavy activity.
These decentralized instruments settle in USDC and offer leveraged exposure without requiring a traditional brokerage account. Broader market interest was similarly split across major global venues, including high-volume platforms like Binance.
Merger speculation builds between tech giants
The successful event has reignited discussion regarding a potential corporate merger between Tesla and SpaceX. Market observers note that collaboration between the aerospace firm and the automaker has accelerated throughout the year following public listings.
Tesla has officially reopened customer reservations, accepting hefty deposits from prospective buyers across North America and Asia. Production schedules point toward a commercial rollout before the end of the decade.
What to watch next
- Official regulatory rulings regarding the street-legality of the Roadster's propulsion system
- Corporate updates concerning a possible business combination between Tesla and SpaceX
- Trading volumes in crypto perpetual contracts and tokenized equity derivatives
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Frequently asked questions
When will the next-generation Tesla Roadster enter production?
Tesla scheduled the production launch of the new Roadster for 2028.
How does the Tesla Roadster achieve flight capabilities?
The vehicle utilizes SpaceX-derived cold gas thrusters and a fan-suction system to hover and maneuver.
What is the price or deposit amount for reserving the new Roadster?
Tesla is currently accepting fifty thousand dollar deposits from buyers in the U.S., Canada, and China.
Sources: CoinDesk, CNBC, Bankier.pl, BBC, MarketWatch.
Disclaimer: This article is for information purposes only and does not constitute investment advice. Data as of Oct 16, 2026, 18:01 may vary by source. Trading leveraged CFDs carries a high risk of losing money.
