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Stock Market Today, Oct. 21: Space Exploration Technologies Surges on Q3 Earnings Beat
The Motley Fool·
Space Exploration Technologies (SPCX) surged 7.80% on October 21, 2026, following a strong Q3 earnings report with $14.6 billion in revenue (up 161% YoY) and $4.4 billion in net income. The company turned profitable driven by AI-related revenue growth of 830%. CEO Elon Musk projected 2027 annual revenue between $500 billion and $1 trillion, though the CFO provided more conservative Q1 2027 guidance of $33-37 billion. The stock's P/S ratio stands at 68.
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