SpaceX's share price fell by 3.36% on October 16, 2026. Market activity rose with 1.37 million contracts traded and 4.87 million in open interest. The decline was affected by CoreWeave's troubles and a 15% increase from its IPO price. SpaceX's profitability are expected amid a rise in AI earnings and Tesla merger buzz, with EchoStar's stock seen as a way to gain from SpaceX's expansion.
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