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Bitcoin clings to $82,500 as SpaceX results lift stock futures
SpaceX’s 161% revenue jump eased AI worries and lifted Nasdaq and S&P 500 futures as bitcoin held above its key support level.
- On Wednesday, October 21, 2026, U.S. stock futures rose as investors tracked corporate earnings, with SpaceX shares jumping 9% before the open, lifting Nasdaq-100 futures 0.6% and S&P 500 futures 0.2%.
- The Elon Musk-led company reported a 161% year-on-year revenue increase in third-quarter results, with shares surging around 7% in premarket trading and renewing investor interest in AI-related stocks focused on infrastructure and cloud services.
- Earnings news remained mixed across the sector; Netflix shares fell more than 6% after missing revenue forecasts, while Tesla shares rose more than 1% ahead of quarterly results and Meta Platforms prepared to report after the close.
- Bitcoin hung just above $82,500 on Wednesday, the level Simon-Peter Massabni calls its most important support, though he warned a "decisive and sustained break" below could expose it to a $70,000 drop; Brent crude climbed to around $110.
- Concerns about AI trade sustainability have weighed on market sentiment as traders question whether infrastructure demand justifies current spending, though Christian Mueller-Glissmann, head of asset allocation for Goldman Sachs Research, said this earnings season could help propel stocks.
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13 Articles
13 Articles
US stock market today: Nasdaq futures rise as SpaceX jumps, Tesla earnings in focus
US stock market today: US stock futures rose as SpaceX shares surged 7% after strong revenue growth, while investors awaited quarterly results from Tesla and Meta. Crude oil prices also climbed amid global supply concerns.
Stock futures rise as traders evaluate latest raft of earnings; SpaceX shares surge: Live updates
This earnings season could help propel stocks as the year winds down, said Christian Mueller-Glissmann, head of asset allocation for Goldman Sachs Research.
·Englewood Cliffs, United States
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Coverage Details
Total News Sources13
Leaning Left1Leaning Right4Center2Last UpdatedBias Distribution57% Right
Bias Distribution
- 57% of the sources lean Right
57% Right
14%
C 29%
R 57%
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