{
  "id": 15957522,
  "title": "Musk's SpaceX results lift global stock markets",
  "url": "https://urgent.news/2026/10/21/musks-spacex-results-lift-global-stock-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-21T21:56:40.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/world/musks-spacex-results-lift-global-stock-markets-6480466"
  },
  "original_language": "en",
  "account": "Global stock markets saw a boost on Wednesday (Oct 21) due to SpaceX's first quarterly profit as a publicly traded company, announced by Elon Musk's SpaceX. The tech stocks particularly benefitted from the news. SpaceX's net profit for July-September was US$4.4 billion, which was more than double what analysts had anticipated. The company's revenue soared 161 per cent to US$14.6 billion. The earnings release came ahead of results from other tech giants, including Meta, scheduled for later in the week. Market analysts expressed optimism, suggesting a potential rally towards year end if the earnings season proceeds positively. All major US indices finished on a positive note, with the Nasdaq ending up 1.1 per cent. Meanwhile, Meta's AI model received positive investor response, but its spending might need to increase to keep up with competitors. Meanwhile, markets across Japan, South Korea, and the UK also experienced growth.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Meta and Tesla bulls get confidence boost after SpaceX earnings",
        "url": "https://urgent.news/2026/10/21/meta-and-tesla-bulls-get-confidence-boost-after-spacex-earnings",
        "published": "2026-10-21T16:35:48.000Z"
      },
      {
        "outlet": "Fast Company",
        "title": "Elon Musk: This SpaceX moonshot is ‘no longer impossible’ as blowout earnings spark stock market rally",
        "url": "https://urgent.news/2026/10/21/elon-musk-this-spacex-moonshot-is-no-longer-impossible-as-blowout",
        "published": "2026-10-21T17:30:00.000Z"
      },
      {
        "outlet": "Guardian Business",
        "title": "Tesla to report earnings after Elon Musk floats SpaceX merger plan",
        "url": "https://urgent.news/2026/10/21/tesla-to-report-earnings-after-elon-musk-floats-spacex-merger-plan",
        "published": "2026-10-21T19:41:50.000Z"
      },
      {
        "outlet": "Winnipeg Free Press",
        "title": "Tesla’s Q3 profit drops as it prepares for possible merger with Musk’s other public company, SpaceX",
        "url": "https://urgent.news/2026/10/21/teslas-q3-profit-drops-as-it-prepares-for-possible-merger-with-musks",
        "published": "2026-10-21T20:56:32.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Musk's SpaceX results lift global stock markets",
        "url": "https://urgent.news/2026/10/21/musks-spacex-results-lift-global-stock-markets-15971541",
        "published": "2026-10-21T21:56:00.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Tesla earnings call: Musk talks EV demand, Optimus production, and Terafab value",
        "url": "https://urgent.news/2026/10/21/tesla-earnings-call-musk-talks-ev-demand-optimus-production-and",
        "published": "2026-10-21T22:03:47.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}