October 22, 2026: Tech Selloff Deepens, SpaceX Eyes Access to 80,000 Cell Sites, More

SpaceX's hiring process is characterized by a demanding culture shaped by CEO Elon Musk, according to a report from Bloomberg Businessweek. Candidates are expected to demonstrate significant achievements from previous roles, with a preference for hands-on experience over advanced degrees. The company seeks individuals with raw intelligence and a strong commitment to its mission, which Musk frequently emphasizes to motivate employees. Job postings indicate that prospective hires should be prepared for extended hours and weekend work, reflecting the intense nature of the work environment.

In the financial sector, markets in the Asia-Pacific region are experiencing declines following a downturn in U.S. stocks, particularly affecting semiconductor companies. The Philadelphia Semiconductor Index fell by 6.7%, with significant drops in shares of companies like Lamb Research. Analysts suggest that companies are facing challenges in monetizing their investments in artificial intelligence, leading to uncertainty among investors. Meanwhile, U.S. Treasury prices have risen, causing yields to drop, as investors seek safer assets amid market volatility.

In other news, President Trump is ordered to give a deposition related to his lawsuit against the BBC, and Virginia State Legislator L. Louise Lucas faces serious charges including racketeering and money laundering connected to a cannabis business. Additionally, a top advisor to Health Secretary Robert F. Kennedy Jr. resigns, impacting efforts to reform food transparency.

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