Netflix forecasts profit below estimates, shares fall more than 5%
The streaming company also lowered its 2026 advertising outlook after some ad features took longer than expected to roll out.
SpaceX investors seek answers on possible Tesla merger
Shareholders also raised questions about Starship’s lunar lander development and the durability of AI revenue ahead of the earnings webcast.
SpaceX shareholders pushed management for answers about a possible combination with Tesla ahead of the rocket maker’s October 20 third-quarter earnings webcast. A question about when the companies would merge ranked second among investor submissions, receiving 26 upvotes.
The same query attracted 128 upvotes on Tesla’s investor relations website. Neither company nor Elon Musk has officially endorsed a merger, despite longstanding investor speculation about combining two of his biggest businesses.
Starship’s lunar lander hardware drew the most popular question, with 38 upvotes. SpaceX has advanced testing of the rocket, but technologies necessary for its lunar role, including orbital refueling, remain short of full demonstration.
Analysts and institutional investors sought details about AI revenue and spending. SpaceX relies on a small group of AI customers, including Alphabet’s Google and Anthropic, while its computing contracts allow termination with about 90 days’ notice. Profits from Starlink’s satellite internet operations are helping fund spending on chips, terrestrial data centers and Grok, as AI business losses have grown.
Institutional investors also asked about Google’s contracted capacity and payments, including how a possible court order halting gas turbines at the Colossus 2 data center in Memphis, Tennessee, would affect available capacity. It remained unclear which submissions executives would address during the webcast, scheduled for 4:30 p.m. EDT.