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News 2026-10-21 20:23 UTC

SpaceX Earnings Spark Tech Rally as AI Concerns Ease - US Market Wrap

A blockbuster earnings report from SpaceX fueled a rally in technology stocks, easing concerns over whether the global AI investment boom can remain sustainable. Shares of the satellite, rocket and AI company surged 7.8%, also boosted by Elon Musk’s remarks supporting the prospect of a merger with Tesla. The electric-v