WEEX Exclusive：SpaceX Q3 Revenue Beats and Strengthens After Hours| WEEX TradFi Daily(October 21, 2026)

Today’s Digest

• Equity indexes were mixed on October 20. The S&P 500 closed slightly higher, while the Nasdaq was roughly flat.
• SpaceX reported third-quarter revenue of $14.58 billion and net income of $4.4 billion, both well above forecasts, and rose about 3% after hours.
• Bitcoin traded near $83,000. ZEC rose more than 10% in 24 hours and led majors; ZRO gained more than 8%.
• Memory, optical and crypto-finance names rose from the prior evening. CoreWeave and SMCI bounced off lows.
• Tesla, Meta, Lam Research and Texas Instruments report after the close on October 21.

1 Crypto Highlights

1）Bitcoin Near $82,800, Ethereum Near $2,450; Risk Appetite Recovers

Bitcoin traded near $82,800 and Ethereum near $2,450, with a modest intraday rebound. Hotter-than-expected inflation had lifted rate-hike expectations, while the chip selloff pressured risk assets and weighed on majors. As some AI and memory stocks bounced off lows, crypto sentiment improved, but elevated long-bond yields continue to limit further upside.

Watchlist: BTC, ETH
Spot: BTC / ETH
Futures: BTC / ETH

2）ZEC Rises More Than 10% in 24 Hours and Leads Majors

Zcash (ZEC) rose more than 10% over 24 hours and traded near $1,260–$1,270, outperforming majors. Privacy narratives and capital rotation drove buying, with price recovering sharply from its lows. Privacy coins have shown greater elasticity amid broader risk-asset volatility; near term, watch whether trading volume can sustain the move.

Watchlist: ZEC
Spot: ZEC
Futures: ZEC

3）ZRO Rises More Than 8% in 24 Hours; Zero Mainnet and lzATLAS Set for November 30

LayerZero (ZRO) rose more than 8% in 24 hours. The project said its Layer 1 blockchain, Zero, and trading engine lzATLAS are scheduled to launch on November 30. lzATLAS is the first application planned for Zero, starting with Open ATLAS and supporting more than ten venues at launch, with additional venues expected this year. The initial mainnet focus is open markets, while institutions are already testing lzATLAS in large-market settings. Venues are integrating trading infrastructure and testing order execution and settlement. Mainnet expectations have lifted the token’s valuation.

Watchlist: ZRO
Spot: ZRO
Futures: ZRO

4）Robinhood Ecosystem Rises Broadly; CASHCAT, AI, BONER and TENDIES Lead

Robinhood ecosystem tokens rose broadly, with CASHCAT, AI, BONER and TENDIES among the leaders. Markets continue to trade on ecosystem support and potential grant narratives, concentrating flows in related meme and application tokens. Ecosystem activity is lifting volume, but most tokens remain highly volatile, with limited persistence. Watch for a pullback after sharp gains.

Watchlist: CASHCAT, AI, BONER, TENDIES
Spot: CASHCAT / AIINU / BONER / TENDIES
Futures: CASHCAT

2 Stock Highlights

1）SpaceX (SPCX) Q3 Revenue Beats; Shares Rise About 3% After Hours

SpaceX reported that third-quarter revenue more than doubled to $14.58 billion, driven by growth in AI and Starlink, beating analysts’ $12.72 billion estimate. Net income was $4.4 billion, well above the expected $1.57 billion. AI revenue rose more than ninefold to $7.6 billion, mainly from compute leasing. Of $19.6 billion in capital expenditure, AI accounted for $16.4 billion, and the company expects that level to remain broadly unchanged in the near term. Starlink users reached 13.6 million, above the expected 12.19 million, but average monthly revenue per user fell from $99 in 2023 to $69 in the third quarter. Shares rose about 3% after hours. Musk said SpaceX and Tesla each formed a special committee to discuss a potential merger, calling a merger with Tesla a good idea. SpaceX’s proprietary AI software, including xAI’s Grok, continues to trail OpenAI, Anthropic and Google.

Watchlist: SPCX, TSLA
Spot: SPCX / TSLA
Futures: SPCX / TSLA

2）CoreWeave (CRWV) Bounces Off Lows

CoreWeave (CRWV) rebounded after falling about 25% over the prior week. Goldman Sachs upgraded its rating to Buy, citing tight compute capacity and a performance edge over peers that could lift annualized recurring revenue per megawatt over the next two years. Concerns over debt exceeding $51 billion remain, but the upgrade and AI infrastructure demand expectations supported the short-term recovery.

Watchlist: CRWV
Spot: CRWV
Futures: CRWV

3）SMCI Surges; Memory and Optical Names Rise Broadly

Super Micro Computer (SMCI) surged. Memory and optical names have risen broadly since the prior evening, as capital rotated from last week’s semiconductor selloff back into AI servers, memory and optical modules. Markets are reassessing visibility into AI infrastructure orders, while the sustainability of capital spending remains a key question.

Watchlist: SMCI, MU, COHR
Spot: SMCI / MU / COHR
Futures: SMCI / MU / COHR

4）Crypto-Finance Names Rise Broadly

Crypto-finance names have risen broadly since the prior evening. Bitcoin holding near $83,000 and ZEC’s leadership lifted risk appetite, drawing flows back into related equities. The group remains closely linked to crypto assets, with further moves depending on whether majors extend their rebound and on changes in the regulatory narrative.

Watchlist: COIN, MSTR, CRCL
Spot: COIN / MSTR / CRCL
Futures: COIN / MSTR / CRCL

3 Today’s Preview

Tesla, Meta, Lam Research and Texas Instruments report after the close on October 21. Investors will focus on returns from AI capital spending, vehicle deliveries and the semiconductor cycle.

1）Tesla (TSLA) — October 21 After the Close

Consensus EPS is about $0.45. Investors will watch deliveries, automotive gross margin, progress in autonomy and energy, and any further comments on merger discussions with SpaceX.

Watchlist: TSLA
Spot: TSLA
Futures: TSLA

2）Meta (META) — October 21 After the Close

Consensus EPS is about $5.54–$6.67. Key points include advertising revenue, capital-spending guidance and the expected returns on AI investment. Valuations for large technology companies remain sensitive.

Watchlist: META
Spot: META
Futures: META

3）Lam Research (LRCX) — October 21 After the Close

Consensus EPS is about $2.17–$2.18. Semiconductor-equipment orders and advanced-process capital-spending guidance will directly influence the chip-equipment sector. Options imply volatility of about ±8%.

Watchlist: LRCX
Spot: LRCX
Futures: LRCX

4）Texas Instruments (TXN) — October 21 After the Close

Consensus EPS is about $2.39–$2.43. Industrial and automotive demand, the inventory cycle and full-year guidance are key. The results will offer a read on analog-chip demand.

Watchlist: TXN
Spot: TXN
Futures: TXN