SpaceX Soars 10%, Musk Teases Tesla Merger, UK Inflation Hits 3.5%

Finance TL;DR Daily · Oct 21, 2026 · 7m · transcript

SpaceX's blowout earnings and merger talk with Tesla lift the broader market, UK inflation climbs to 3.5% cementing a Bank of England rate hike, a New Mexico jury hits Meta with a $25 billion Cambridge Analytica penalty, and mortgage rates dip but housing demand keeps sliding. In this episode: • SpaceX stock jumps 10% after earnings beat; Musk hints at potential Tesla tie-up, lifting broader market — https://www.cnbc.com/2026/10/21/spacex-spcx-stock-musk-merger-tesla.html • UK inflation jumps to 3.5%, cementing expectations for a Bank of England rate hike —…