Oct 21, 2026 · 7 min
AI lifts SpaceX and Supermicro as growth fears hit Netflix
SpaceX Shares Rise; Super Micro Rallies; Netflix Falls
The episode contrasts AI and infrastructure-fueled gains with the market’s growing skepticism toward established companies facing weaker growth or fiercer competition.
- 1SpaceX and Supermicro rose on stronger results tied to satellite internet, artificial intelligence, and data-center demand.
- 2Netflix fell after a weaker revenue outlook intensified concerns about slowing sales, advertising, and its content pipeline.
- 3AT&T beat estimates but declined as wireless subscriber growth disappointed amid price competition and potential SpaceX disruption.
Don't miss
AT&T’s stock falls despite beating estimates and raising guidance, because weak subscriber additions expose the competitive threat associated with SpaceX.
The brief
Nathan Hager and Chloe Melley open with a market split: SpaceX and Supermicro gain on AI-linked demand, while Netflix and AT&T face doubts about growth.
SpaceX’s stronger third-quarter revenue highlights satellite internet and artificial intelligence, while the discussion also considers what a possible Tesla combination could mean.
Supermicro rallies on strong results and data-center importance, but allegations involving the diversion of services to China add a serious complication.
Netflix falls after a weaker revenue outlook, with slowing sales, advertising concerns, and the absence of major film or television hits weighing on investors.
AT&T beats revenue and profit expectations and raises guidance, yet subscriber additions disappoint as competition intensifies and SpaceX threatens to enter wireless.
The episode then previews Economy of Scale, where Jacob Greaves and guests examine AI-enabled cities and Dubai’s long-term response to rapid population growth.
Books & mentions
Weekly email
State of the Pod, every Monday
The week's most-discussed names and stories from podcasts, with the moments behind them. Free, five minutes, unsubscribe in one click.