SpaceX's share price dropped by 3.36% on October 16, 2026. Market activity rose with 1.37 million contracts dealt and 4.87 million in open interest. The drop was driven by CoreWeave's troubles and a 15% rise from its IPO price. SpaceX's earnings are expected amid a rise in AI earnings and Tesla merger talk, with EchoStar's stock seen as a way to gain from SpaceX's development.
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