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- Why the Starship Launch Is a Big Deal for SpaceX's Stock
SpaceX shares have rallied recently after Starship's 14th launch, the first to reach orbit, which carried 26 Starlink satellites. The article argues the milestone matters because a reusable rocket with more than 100 metric tonnes of capacity in its reusable configuration is key to revenue growth. CEO Elon Musk targets as much as $1 trillion in revenue by around the end of the decade, and Citi projects that level by 2031. However, the valuation already exceeds $2.1 trillion for a company that remains unprofitable and is spending heavily on AI, so much of its future growth appears priced in, and the author does not think the launch alone justifies buying at the current price.
- Warren Buffett's Berkshire Hathaway Just Bet Nearly $1 Billion on This IPO Stock (Hint: It's Not SpaceX)
According to a recent SEC filing, Berkshire Hathaway is investing $330 million in Bending Spoons (BSP), following a $600 million investment made during the company's IPO. The deal is a private placement of 10 million newly issued shares at $33 each, lifting Berkshire's stake to roughly 4%. The article compares Bending Spoons' model of acquiring businesses, improving operations and reinvesting profits with Buffett's investment philosophy, and lists its portfolio as AOL, Evernote, Vimeo, Eventbrite and Airtable. The stock opened at $31 on its first day of trading, climbed to $58 by mid-summer and fell back to about $37 before jumping 44% in one day after the investment, trading in the mid-$50 range. The article also stresses that the company has never sold a material business.
- SpaceX Wants $40 Billion in New Debt, and It'll Need Hundreds of Billions More to Achieve Musk's Vision
SpaceX (SPCX) raised $86 billion in its IPO and another $25 billion through debt, and reportedly approached Apollo Global Management and several banks to finance $40 billion in Nvidia GPUs for its AI build-out. The company generated $12.5 billion of revenue in the first six months of 2026 while capital expenditures rose to $28.5 billion, mostly tied to AI infrastructure after it acquired Musk's xAI; it ended the second quarter with 1.4 gigawatts of compute and Musk expects over 2 gigawatts by year-end, with capacity possibly closer to 10 gigawatts than 5 gigawatts in 2027. Nvidia estimates deployment costs of about $60 billion per gigawatt, so going from 2 to 10 gigawatts could cost around $480 billion in data center capex, and Morgan Stanley analyst Adam Jonas estimated SpaceX would need an average of $84 billion a year in external capital through 2034, or $672 billion in total. The article argues that SpaceX's premium pricing, which Musk put at $30 to $50 per watt annualized, could decline, and that contracts allowing either party to cancel with 90 days' notice make demand a key risk. If debt markets fall short, new equity issues could dilute existing shares.
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- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
U.S. spot bitcoin ETFs took in $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock's iShares Bitcoin Trust (IBIT), which pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC shed $54.9 million, while the remaining funds recorded no net flows. The inflow more than erased last week's $228.5 million of withdrawals, but funds remain about $90.5 million in net outflows for October, according to CoinDesk calculations. Ether funds moved the opposite way, losing $103.3 million in their fourth consecutive session of outflows, with BlackRock's ETHA accounting for $95.4 million of that.
- A Big4 bank cut deposit rates in the morning, then raised them again in the afternoon
VietinBank cut its deposit rates for terms of 6 months and longer on the morning of Oct. 20, then restored them to pre-adjustment levels by the afternoon. Its afternoon rate board showed 3.5% per year for 6 to under 12 months, 5.9% for 12 to under 24 months and 6% for 24 months and longer, versus 3%, 5.4% and 5.5% in the morning. Rates for terms under 6 months stayed unchanged, including 2.1% for 1 to under 3 months and 2.4% for 3 to under 6 months. The move came as banks followed the State Bank of Vietnam's guidance to cut deposit rates by at least 0.5 percentage points for terms of 6 months and longer, and Vietcombank and Agribank were among those reducing rates.
- IVV vs. SPY: Which S&P 500 ETF Is the Better Buy for Long-Term Investors?
The article compares two ETFs that track the S&P 500, iShares Core S&P 500 ETF (IVV) and State Street SPDR S&P 500 ETF (SPY), which have nearly identical holdings. The main difference is the expense ratio: IVV charges 0.03% a year, one-third of SPY's 0.09%, and its distribution yield is about 1.1% versus 1% for SPY. SPY's high liquidity remains valuable for active traders. The article concludes that IVV is the better choice for long-term investors, since lower costs can compound over time.
- Warren Buffett Is Issuing a Stark Warning About the Stock Market. Here's What History Says Comes Next.
Warren Buffett has warned that investors are taking on too much risk, likening the market to 'a church with a casino attached' and saying people have never been in a more gambling mood. The article points to the S&P 500 Shiller CAPE Ratio, which has stayed above 40 since May of this year; historically, the only other time it held above that level for months was during the dot-com bubble, when it peaked around 44 before the bear market began in March 2000. The article notes that 40 is not an automatic trigger for a downturn, and no metric can predict timing. It suggests investors focus on quality stocks with solid fundamentals and be ready to hold them for at least a few years.
- Early Uber Investor Jason Calacanis Predicts Waymo Could Buy Lucid Or Rivian — Calls Its Chinese-Car Optics ‘Really Bad’
Early Uber investor Jason Calacanis predicts Waymo will buy Lucid Group (LCID) or Rivian Automotive (RIVN), arguing that its reliance on Chinese-made Zeekr vehicles creates cost and reputational problems. He says the arrangement is technically not illegal today, but Waymo would need to pay a tariff of over 100%, and it has drawn national-security concerns on Capitol Hill. According to Semafor, Waymo aims to grow its fleet from about 4,000 vehicles to 8,000 by the end of 2026 and 20,000 by the end of 2027, after closing a $5 billion term loan and a $16 billion equity raise this year. Uber has committed to buying at least 35,000 Lucid vehicles, while its Rivian deal starts with 10,000 autonomous R2 SUVs, with rides expected to begin in 2028. Calacanis, who recently bought small stakes in Lucid, Rivian, WeRide (WRD) and Pony.ai (PONY), expects consolidation in the autonomous-driving sector within 24 months.
- Prediction: Oct. 21 Will Be a Huge Day for the Stock Market
The article predicts October 21 could be a pivotal day for the stock market, as Meta Platforms (META) becomes the first of the "Magnificent Seven" tech giants to report third-quarter earnings after the close. In its latest quarter, Meta's total revenue rose 28% to $60 billion, with ad revenue at $59 billion. Investors will be watching whether its capital spending, now about 35% of revenue, is translating into growth. Meta's report could hint at the earnings outlook for other tech giants and set the direction for the S&P 500 in the coming days, with the first trading session after the report on Thursday.
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