SpaceX Shifts Strategy as Tech Stocks React to Mixed Earnings

The market responded sharply to the news, pushing SpaceX shares up 8.3% to $160.00 in after-hours trading, while Tesla saw a more modest gain of 1.5% to reach $379.37. Beyond the aerospace and automotive sectors, broader tech volatility defined the session.

Netflix struggled to maintain momentum, with shares sliding 5.6% to $64.87. The decline follows a difficult third quarter marked by decelerating revenue growth, a series of significant layoffs, and the exit of two key content executives. Conversely, Super Micro Computer signaled robust health, jumping 16% to $37.53 after announcing that first-quarter revenues and gross margins will surpass previous projections due to unrelenting AI demand. Meanwhile, Intuitive Surgical faced a mixed reception; despite beating Wall Street’s expectations for revenue and adjusted earnings, the company’s stock dropped 6.9% to $407.60 following a substantial litigation charge that weighed on bottom-line profits.