Welcome to Markets Desk, here's what's moving the needle this hour.
Netflix delivered solid earnings on paper, but investors are voting with their feet. The stock is under pressure after management acknowledged quote intense competition and flagged some investor concern about view hours growth. Profitability is there, but the market is asking a harder question about what the next phase of growth actually looks like.
Shifting to space and technology, SpaceX released only its second-ever earnings report and the numbers are striking. Total revenue surged one hundred sixty-one percent year over year to fourteen point six billion dollars, and for the first time, AI-related revenue surpassed Starlink. The company is spending more heavily on artificial intelligence infrastructure than any prior quarter, signaling a deliberate pivot beyond its launch and satellite core.
But SpaceX is also making headlines for reasons beyond the balance sheet. Elon Musk personally authorized a slowdown of Starlink service in Ukraine, a move that blindsided Ukrainian officials. Musk has been in direct conversation with the Trump administration about the conflict, though the president has denied ordering the restrictions. The decision raises pointed questions about the intersection of private infrastructure and geopolitical leverage.
That's the tape. Markets Desk, signing off the floor.
