☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX Turns a Profit and Opens Tesla Merger Talks

SpaceX made money for the first time, and immediately put a Tesla merger on the table. At home, the STI is up and the banks are leading. Let's dig in 👇

💬 Would a SpaceX-Tesla merger be a good deal for Tesla shareholders?

📊 Quick Recap — What Moved & Why

🇺🇸 US — SpaceX's First Profitable Quarter

🔑 Key Event: $SpaceX(SPCX.US) posted its first profit, $4.4 billion, on revenue up 161% to $14.6 billion. Superintelligence revenue reached $7.56 billion and overtook Starlink. Musk said special committees are now weighing a Tesla merger.

@Fattycat : SpaceX delivered an impressive Q3 performance. Progress often happens quietly beneath the headlines.

👀 Other to Watch

• $Dow Jones Industrial Average(.DJI.US) → +1.02%, $S&P 500(.SPX.US) +0.28%, $NASDAQ Composite Index(.IXIC.US) -0.02%.
• $Netflix(NFLX.US) → beat on earnings but cut its 2026 ad revenue target to $2.7 billion from $3 billion, and fell 5.8% after hours.
• $Super Micro Computer(SMCI.US) → guided quarterly revenue to $18.5-19.5 billion against $15 billion expected, and rose 15% after hours.
• $Coreweave(CRWV.US) → HSBC kept a reduce rating and a $39 target, 36% below Tuesday's close.

@NewUser_CkrdqW : Netflix beat on earnings and matched on sales, but missed Wall Street's targets for the current period and fell in after hours.

@FaithAnchor : Investors are no longer just looking at Meta's advertising. They are asking whether Muse, its push into agentic AI, could become another revenue engine.

🇸🇬 Singapore — The Bounce Travels This Time

🔑 Key Event: $FTSE Straits Times Index(STI.SG) is up about 0.5% near 5,431 this morning, with all three banks higher and $UOB(U11.SG) leading at about +1.3%. Wall Street's rebound reached the SGX this time.

👀 Other to Watch

• S-REITs → $Lion-phillip S-Reit(CLR.SG) touched a fresh 52-week low of 0.737 this morning before turning positive.

@Pingu : I noticed S-REIT prices were falling, and saw a chance to add to my position at a lower price.

🇭🇰 HK/China — The Gap Opens, Then Closes

🔑 Key Event: $Hang Seng Index(00HSI.HK) opened +1.14% at 24,139 and has handed the whole gap back, now about 0.3% lower near 23,805. $LENOVO GROUP(00992.HK) holds about +1.7%, $TENCENT(00700.HK) about -1.3%.

🌍 Other to Watch

• 🏦 All 100 economists in a Reuters poll now expect a December hike, against fewer than half a month ago.
• 🛢️ WTI crude is back above $100 with US-Iran talks stalled.
• 🫧 Citadel's Ken Griffin called AI "almost certainly" a bubble.

@Tonc : Rising oil prices add another layer of pressure. The market may be starting to price in stagflation.

📅 Upcoming Key Events

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🚫 No duplicates · ⏰ Deadline: Oct 21, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏