Ten Things That Happened Today: Friday, October 9, 2026

Quote of the Day: “Your goal as an investor should simply be to purchase, at a rational price, a part interest in an easily-understandable business whose earnings are virtually certain to be materially higher five, ten and twenty years from now.” (Warren Buffett, 1996 Berkshire Hathaway letter)

1. Grok Bot gets its own email inboxes
SpaceXAI started rolling out dedicated email inboxes for Grok Bot today. Users claim one by asking their Bot, and team admins have to switch it on. Musk also said Grok Bots will take over managing Grokipedia, which makes more than 2,200 edits a day, and that Grok Bot will send each task to whichever AI model (including rivals like Claude) will do it best. Our view (long-term): Grok Bot is turning into a team of AI coworkers you can actually put to work, and that’s a big part of what SPCX owners own.

2. Wall Street keeps raising SpaceX price targets
Barclays upgraded SPCX to Overweight with a $254 target, and the stock jumped about 3.7% premarket. That follows Goldman Sachs raising its target to $230 from $220 on higher AI capacity and revenue forecasts. Needham ($250), Bernstein ($248) and Morgan Stanley ($300) all have Buys, and TD Cowen reiterated its Buy today. Our view (long-term): the estimates are catching up to the AI compute story. Today’s share unlock is short-term noise.

3. SpaceX buys nationwide spectrum for Starlink Mobile- SpaceX agreed to buy Grain Management’s nationwide 800 MHz low-band spectrum, pending FCC approval, to boost indoor coverage for Starlink Mobile. The phone carriers sold off on the news. T-Mobile fell about 12%, AT&T and Verizon slid, and AST SpaceMobile dropped about 15%.

4. Palantir breaks $200 and hits a new all-time high
PLTR crossed $200 and traded near $208 this afternoon, up about 4.6%, which would be a new all-time high above last November’s $207.52. Goldman’s upgrade to Buy with a $230 target is still pushing it higher, and earnings come on November 2. Our view (long-term): this is our highest-conviction AI software name doing exactly what we expect.

5. Tesla’s Model Y is sold out for 2026
In the U.S., Tesla’s 2026 allocation of the larger Model Y L is sold out, and new orders now show January to February 2027 delivery. Standard Model Y trims are close behind. In Germany, every Model Y version except the Performance now shows 2027 delivery. TSLA rose about 2% to around $383 on strong Shanghai sales.

6. Germany backs Tesla FSD across Europe
Germany’s federal transport minister, Steffen Bilger, is now publicly pushing for fast EU-wide approval of Tesla’s supervised FSD after reaching what he called a “constructive agreement” with Tesla. In Germany it will be called “Tesla Assisted Driving,” and Germany’s motor vehicle authority still plans to test a car itself. An EU vote likely isn’t until December. Our view: Elon’s timelines run late, but he delivers, and Europe’s biggest car market getting behind FSD is a major step.

7. Tom Lee: “the largest crypto bull market ever” is underway
Fundstrat’s Tom Lee said the crypto bull market is underway and could be the biggest yet. He pointed out that eight of bitcoin’s nine moves above its 200-day moving average since 2012 marked the start of a bull market. He believes the four-year cycle bottom is happening now and expects bitcoin to finish 2026 above $100,000. He also sees tokenization driving this cycle. Our view (long-term): we agree with the direction and stick to our own $1M-by-2030 bitcoin view, with no margin. Bitcoin was trading around $81,000 to $82,000, so expect volatility along the way.

8. AI stocks bounce back after Thursday’s OpenAI scare- The Nasdaq 100 recovered after Thursday’s selloff over OpenAI’s lower-than-expected revenue. Chip stocks lagged slightly, but AI software and Tesla led the way.

9. The market: stocks rebound
By midafternoon, the S&P 500 was up about 0.5% near 7,800, the Dow was up about 0.6%, and the Nasdaq was up about 0.5%. Nine of 11 sectors were higher. The 10-year yield held near 5.26%, and gold rose to about $4,190.

10. What’s next
The heavy news week ahead includes the start of bank earnings, CPI on Wednesday, Oct 14, and a Cerebras (CBRS) lockup window the same day. Tesla reports Q3 on Oct 21, Palantir on Nov 2, and the Fed meets Oct 27 to 28. Our view: our approach is patience and dollar-cost averaging; volatility is vitality.