SpaceX shares fell 6% to $150.23 on Thursday morning, giving back much of the rally that followed the company's first profitable quarter, reported for the third quarter of 2026, when its AI computing division became its largest business. AST SpaceMobile dropped 6% to $38.32, Rocket Lab fell 5% to $50.76, the Invesco QQQ Trust was down 2%, and the Procure Space ETF (UFO) slid 3%. The article says space stocks are falling more than the broader market in a risk-off move, as high-volatility names tend to lose more than the market on such days. Tesla's board has formed special committees to review a possible combination with SpaceX, and Musk has said spending on new computing capacity will climb sharply, which could pressure the profitability SpaceX just reached.
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QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.20 |
| Change that session | +1.05% |
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