SpaceX (SPCX) shares slipped early Thursday, giving back more than half of Wednesday's 7.8% post-earnings gain as the broader tech trade fell after Meta's results and fresh headlines about the US/Israeli war with Iran. SpaceX guided fourth-quarter capex to $35 billion to $40 billion, up from $19.6 billion in the third quarter, and ended the quarter with $36.1 billion in debt; its CFO said the company is investment grade. Musk said a SpaceX–Tesla tie-up would be a “good idea,” but both companies have formed special committees, and insiders worry the resulting scrutiny could delay talks by several weeks. Bloomberg reported the companies aim to announce a deal in the first half of 2027, while JPMorgan more than doubled its price target to $500 from $240 and BofA raised its target to $275 from $235.
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QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 725.21 |
| Change that session | +1.06% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.13 |
| Change that session | +0.53% |
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