Dec 20, 2025 · QQQ/SPY Market Review · 7 headlines

U.S. markets closed as Tesla rulings, SpaceX plans and geopolitical news arrived

U.S. markets were closed on Saturday, leaving QQQ and SPY at Friday's closing levels. The Delaware Supreme Court reinstated Elon Musk's 2018 Tesla compensation package, which was valued at about $56 billion at the time. Tesla also filed a patent for a Starlink receiver embedded in a vehicle sunroof. Bill Ackman proposed a SpaceX listing structure that would give Tesla shareholders priority access, while Google and Apple reportedly warned visa-holding employees about long consular appointment delays. Hungary's prime minister criticized the EU's $105 billion Ukraine loan, and the U.S. intercepted a Venezuelan oil tanker in international waters.

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