- SpaceX reported earnings on Oct. 21, 2026, and SPCX shares rocketed higher in early trade.
- Strong SpaceX results eased concerns over whether the global AI investment spree can prove sustainable, and US stock futures rose.
- Telecom stocks fell after SpaceX reaffirmed its plans to enter the U.S. wireless market.
- The Nasdaq pared gains to 0.5% in early trade as Netflix slumped on its own earnings.
Quotes
“strong results from SpaceX eased concerns over whether a global investment spree in artificial intelligence can prove sustainable”