From Seattletimes · · 1m
SpaceX Profit Boosts Wall Street
SpaceX's strong earnings lift tech stocks and Wall Street.
In brief
SpaceX's strong earnings lift tech stocks and Wall Street. SpaceX reported stronger summer profits than expected, boosting tech stocks and Wall Street as investors reacted to the company's potential Tesla merger talks. Originally reported by Seattletimes.
U.S. Stock Market Rises
The S&P 500 added 0.6% and pulled within 0.8% of its all-time high set earlier this month.
SpaceX Profit Report
SpaceX climbed 7.8% after reporting stronger summer profits than analysts expected.
Elon Musk's Tesla Merger Rumors
Elon Musk said SpaceX considered a possible merger with Tesla, his electric-vehicle company.
Tesla Stock Rises
Tesla rose 3.4% and was one of the strongest forces lifting the S&P 500.
Winnebago Industries Gains
Winnebago Industries climbed 10.7% after reporting more resilient profits than expected.
Netflix Falls Despite Strong Profits
Netflix fell 5.3% even though it reported stronger profits than analysts expected.
AT&T Stock Drops
AT&T fell 6.4% despite delivering stronger profits than analysts expected.
The big picture
SpaceX reported stronger summer profits than expected, boosting tech stocks and Wall Street as investors reacted to the company's potential Tesla merger talks.
