Veytics Intelligence
2026-10-23 · Yahoo

SpaceX earnings, tech sell-off lead to rocky week for investors

SpaceX (SPCX) investors have had a rocky week. Athird quarter report that beat estimates and Elon Musk's open backing of amerger with Tesla (TSLA) sent shares surging Wednesday, but a Thursday sell-off erased the gain. Shares climbed a bit on Friday on news that the company's mobile aspirations are picking up. Bloomberg reports the company is looking to lease space on 80,000 cell sites across the US to build out a terrestrial network. SpaceX is reportedlyin talks with two of the largest owners of cellular towers, Crown Castle and American Tower. In its Q3 report, SpaceX reported that Connectivity revenue, mostly from Starlink, rose 69% to $5.2 billion. President Gwynne Shotwell said Starlink added 1.

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