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Squawk on the Street

Squawk on the Street

9AM HOUR: SpaceX Surges on Q3 Beat and Musk Comments on Potential Tesla Merger, Netflix Slides 10/21/26

Oct 21, 2026 · 43m

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About this episode

Carl Quintanilla, David Faber and Michael Santoli led off the show with SpaceX shares jumping sharply: The company posted a 161% surge in quarterly revenue fueled by the AI boom — and CEO Elon Musk said a SpaceX-Tesla merger is "a good idea." The anchors also reacted to what Musk said on SpaceX's earnings call about generating $1 trillion in revenue. A different story for Netflix: The stock under pressure after the streaming giant reported another slowdown in quarterly revenue growth — and issued weaker than expected advertising and sales guidance. Also in focus: Anthropic's draft IPO prospectus reportedly shows red-hot revenue growth and soaring computing costs; AT&T shares slide despite…