SpaceX (SPCX) beat its third-quarter estimates, with revenue up 161% to $14.5 billion, Starlink revenue up 69% to $5.25 billion and net income of $4.4 billion, though capital expenditures reached $19.6 billion, including $16.4 billion for compute. Shares rose 9% this morning to $160.70, mainly after Elon Musk set up special committees at Tesla and SpaceX to examine a merger, a deal that would still require regulatory and shareholder approval. The Dow was up about 138 points and the S&P up 22 points at the open, while tech lagged. Elevance Health (ELV) beat the roughly $4.70 per share expected and raised its guidance on lower medical costs, especially in Medicare Advantage, which could lift managed care names like United Health, Humana, Centene and Cigna. Meta reports later today and Tesla tonight, and the merger headline is expected to dominate Tesla’s call.
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Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/20/2026 | 694.44 |
| Change that session | -1.56% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.01 |
| Change that session | +0.33% |
MSFT
• NeutralMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/20/2026 | 532.13 |
| Change that session | -0.26% |
NVDA
• NeutralNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/20/2026 | 216.48 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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