Crypto · News reference
Tesla Inc. kept its Bitcoin intact through the first quarter, while reporting significant paper gains on the stash.
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U.S. stock futures were higher on Wednesday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Tuesday's mixed close.
Cryptocurrency punters have sharply cut the odds that Meta Platforms, Inc. will launch Muse-powered AI glasses before the year-end.
Space Exploration Technologies Corp. held onto all of its Bitcoin during the third quarter, according to the financials released on Tuesday, October 21.
Tesla reported $28 billion in revenue for the third quarter of 2026, with net income of $787 million, reflecting a 42.7% decline from the prior-year period.
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.