Tuesday’s after-hour trading saw Netflix shares drop by about 6 per cent while shares of SpaceX upped by about 8 per cent, both companies reported results revealed for the July-to-September quarter.
After-hour trading is the buying and selling that takes place once the main market session has closed. The moves during these hours show early investor reaction and may change when trading resumes. SpaceX shares were up between roughly 9 and 10 per cent before Wednesday’s market open, according to market data. Full-day moves for both stocks are not yet available.
Netflix earned 87 cents a share, above the 82 cents analysts expected, and its sales rose 12 per cent to $12.9 billion, in line with its own forecast. The stock slid after the company trimmed its 2026 advertising revenue forecast to about $2.7 billion from $3 billion. Its outlook for fourth-quarter sales, at about $13.4 billion, also came in slightly below what analysts had expected. The shares had closed the regular session on Tuesday at about $68.7, down 1.7 per cent.
SpaceX reported sales of $14.58 billion, up 161 per cent from a year earlier and above the roughly $12.9 billion analysts expected. It posted a profit of $4.4 billion, against a loss of $1.1 billion in the same period last year. The growth was driven by its artificial intelligence computing business, whose revenue grew more than ninefold.
The company also forecast first-quarter 2027 sales of between $33 billion and $37 billion, far above the roughly $22 billion analysts had estimated.
In similar development, Chief Executive Elon Musk said that the boards of SpaceX and Tesla have set up special committees to discuss a possible merger, however no deal has been announced yet. Tesla shares rose about 2 per cent before Wednesday’s market open.
SpaceX listed on the Nasdaq on June 12, 2026. Its shares closed on Tuesday at $147.79, giving the company a market value of about $2 trillion.
