SpaceX earnings and falling yields lift risk assets as Bitcoin tops $84K

SpaceX posted a quarter that most companies only see in pitch decks: revenue up 161% to $15B. That result is feeding a wider appetite for risk across markets. Bond markets added to the mood. US Treasury yields slipped about 3 basis points across the curve, and Bitcoin pushed past $84K in response. The numbers behind the move Start with the rocket company. Revenue climbing 161% to $15B is the kind of figure that makes investors check whether they misread a decimal point. Growth like that matters beyond SpaceX itself. When a high-profile name delivers outsized results, it tends to lift confidence in growth-oriented bets more broadly. Then there are yields. A basis point is one-hundredth of a percentage point, so a 3 basis point drop is small on paper. Put more simply, the interest rate the US government pays to borrow edged lower across short and long maturities. Small moves, but in the same direction everywhere. Crypto took the cue, though not uniformly. Bitcoin gained 1.2% over 24 hours to clear $84K, making it the clear leader among the majors. Ethereum was more restrained. ETH held near $2,474, up 0.6% on the day. Solana barely moved. SOL sat around $107, down 0.1% over 24 hours,...