SpaceX Jumps 7% After 161% Q3 Revenue Growth as S&P 500 Futures Edge Up
Updated
Updated · CNBC · Oct 21
SpaceX Jumps 7% After 161% Q3 Revenue Growth as S&P 500 Futures Edge Up
3 articles · Updated · CNBC · Oct 21
Summary
SpaceX rose 7% in premarket trading after saying third-quarter revenue grew 161%, helping lift U.S. stock futures as investors parsed a fresh batch of earnings.
S&P 500 futures gained 0.2%, Nasdaq-100 futures added 0.6% and Dow futures rose 37 points, while Tesla climbed more than 1% after Elon Musk said SpaceX and Tesla formed merger committees.
Netflix fell more than 6% after its full-year revenue forecast missed expectations and the company cut ad-revenue guidance, underscoring how sharply earnings winners and losers are being repriced.
Meta, IBM and Southwest Airlines are due later Wednesday, with investors especially focused on whether results can steady doubts about AI spending as WTI crude climbed 1.25% to $99.04.