SpaceX Shares Surge After Tesla Deal Talks -- WSJ
Dow Jones2026/10/21 16:18By Alexander Osipovich
The artificial-intelligence trade got a big boost, thanks to SpaceX.
Shares in Elon Musk's rocket company surged after it beat Wall Street's expectations for revenue, including from its AI business. It also teased a potential merger with Tesla, a move that would unite Musk's largest businesses in the biggest-ever deal.
That's helping lift the Nasdaq Wednesday. Chip stocks are also gaining, including Nvidia, which is advancing after bullish comments from Chief Executive Jensen Huang during a keynote in Berlin.
But hedge-fund billionaire Ken Griffin sounded a cautionary note, warning there are "almost certainly bubbles" within the broader AI rally.
U.S. Treasury yields are flat today, while French benchmark bond yields crossed 5% for the first time in 24 years as concern mounts about the country's fiscal and political woes.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 21, 2026 12:18 ET (16:18 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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