S&P 500 and Nasdaq 100 futures edged higher before the open as investors weighed a batch of corporate earnings, uncertainty over the AI trade and the Middle East conflict. Elon Musk said SpaceX and Tesla have formed committees to explore a possible merger, though no agreement on terms has been reached and there is no guarantee a deal will happen. In the third quarter, SpaceX posted revenue of $14.6 billion, up more than 160% from a year earlier, with profit of $4.4 billion and capital expenditures of $19.6 billion. Anthropic reportedly generated $16.3 billion in revenue in the first half of the year but recorded a net loss of over $80 billion, largely due to an accounting adjustment, and one-fifth of its revenue came from just two clients. Meta Platforms reports after the closing bell and will be the first of the AI hyperscalers to report quarterly earnings.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
mergers and acquisitionsElon MuskSpaceXTSLAMETAearnings
Open a keyword to see other news on the same topic.
Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/20/2026 | 694.44 |
| Change that session | -1.56% |
TSLA
• NeutralTesla, Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Automobile Manufacturers |
| Market cap | $1.4T |
| Close on 10/20/2026 | 373.77 |
| Change that session | +1.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- US Stock Futures Edge Higher as SpaceX and Tesla Explore Merger and Meta Earnings Approach: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures were mostly higher on Wednesday, with S&P 500 futures up 0.2% and Nasdaq 100 futures up 0.5%, as investors weighed the Middle East conflict, AI spending and upcoming earnings. Elon Musk said SpaceX and Tesla have formed committees to assess a possible combination, but the committees had not agreed on terms, and he said there was no guarantee a merger would happen. SpaceX reported third-quarter revenue of $14.6 billion, up more than 160% from a year earlier, and profit of $4.4 billion. Media reports citing Anthropic's disclosures tied to a possible IPO showed $16.3 billion in first-half revenue, with about 20% from two customers, and a net loss above $80 billion, largely due to an accounting adjustment. Tesla and Meta are scheduled to report quarterly results after the close.
- SpaceX up 9% in premarket after earnings beat and Musk hints at Tesla tie-up
SpaceX shares rose 10.2% in premarket trading after the company reported third-quarter revenue of $14.6 billion, up 161% from a year earlier and above LSEG consensus of $12.72 billion. Net income reached $4.4 billion, compared with a net loss of $1.05 billion in the same period last year, while operating income was $2.8 billion. On the earnings call, Elon Musk said he is considering a combination with Tesla, which would be the largest merger in history, and both boards have set up committees to discuss a consolidation. The Super Intelligence (SI) segment, the company's largest unit, grew revenue to $7.56 billion from $813 million, and SpaceX forecast first-quarter 2027 revenue of $33 billion to $37 billion, versus an average analyst estimate of $22.2 billion.
- Elon Musk's SpaceX reports a profit and he hints at a possible merger with Tesla
SpaceX reported a profit of $4.4 billion, or 35 cents per share, for the quarter through September, reversing a year-ago loss and easily beating Wall Street expectations. Revenue rose 161% to $14.6 billion, with the AI business becoming SpaceX's largest by revenue, though Starlink remains the biggest profit generator. The stock rose 7.5% in after-hours trading. Musk said both companies formed special committees to discuss a possible Tesla merger but stressed that a deal is not a certainty, and SpaceX plans to try catching its booster and ship with mechanical arms on next month's Starship launch. Musk has also spent $276 million since July supporting Republican candidates, and House Democrats have called for investigations into SpaceX's government contracts.
- SpaceX Earnings Due Amid AI Revenue Surge, Tesla Merger Buzz
- SpaceX and Tesla explore merger that would unite more than 30,000 bitcoin
Elon Musk, CEO and shareholder of both companies, said on Tuesday that SpaceX and Tesla are exploring a potential merger, with special committees of independent directors assessing a tie-up. Combined, the two companies would hold 30,221 BTC (SpaceX 18,712 BTC, Tesla 11,509 BTC), but the committees have not agreed on any transaction terms. Musk said his interests in both companies keep him out of committee discussions and that shareholders would need to support any deal. SpaceX shares rose about 9% to $161 in premarket trading after revenue of $14.58 billion beat the $12.7 billion consensus and EPS of 35 cents beat the 15-cent forecast. Tesla reports after Wednesday's close, with analysts expecting revenue of $28.13 billion and adjusted EPS of 44 cents.
- Thoughts on Tesla – SpaceX Merger Readers Chime In
The article compiles reader comments on speculation that Tesla and SpaceX could merge, a move the author finds hard to justify. Several readers argue Elon Musk could use a deal to prop up Tesla or increase his control, noting that SpaceX's common shares have reduced voting rights and Musk holds over 80% voting control there. Another reader suggests the merger is tied to Tesla building AI chips that SpaceX needs for a space-based data center. Other comments warn of risks to Tesla shareholders and taxpayers. These are individual reader opinions, and they differ widely.
Related markets
Latest news
- Mortgage rates drop for the first time in 2 months, but demand still falls further
Total mortgage application volume fell 5.3% last week from the previous week, according to the Mortgage Bankers Association, even as the average 30-year fixed rate dropped to 7.41% from 7.50%, the first decrease in over two months. Lower rates did not lift activity: refinance applications fell 2% week over week but were 59% below a year earlier, while purchase applications dropped 7% weekly and 18% year over year. The ARM share held at 10.5%, with ARM rates almost a full percentage point below the 30-year fixed rate. A separate Mortgage News Daily survey showed rates barely moved early this week, and its chief operating officer cautioned against relying on the oil price correlation, which has been unreliable for more than a month.
- OCC's final rule to start fresh in weighing stablecoin rewards against GENIUS Act ban
The Office of the Comptroller of the Currency issued the first final rule under the GENIUS Act on Wednesday, setting out how stablecoin issuers operate, including their third-party relationships with exchanges, and the rule is scheduled to take effect on January 18. The act bans issuers from paying rewards made “solely” for holding stablecoins, but the OCC has not offered examples and gives no safe harbor for existing exchange reward programs, which must win its case-by-case approval. The agency said a reward made at least in part for other reasons could fall outside the ban. Banks view such rewards as a threat to customer deposits and lobbied for further changes in the Digital Asset Market Clarity Act, which did not advance in a key Senate vote last month. Treasury Secretary Scott Bessent called the rule a clear, practical foundation for private-sector innovation.
- Hot Bonds as Bank Interest Rates Struggle to Cool Down
Many banks are cutting deposit rates under State Bank of Vietnam guidance, yet the bond market still features high-yield issuances. PVcomBank completed a VND 200 billion private placement at 10.5% per year on September 30, the highest bank bond rate in many years. In the third quarter, banks issued about VND 120,000 billion in bonds, up 11.8% year on year, with the bank group's average rate at 8.85% per year according to S&I Ratings. On October 21, six more banks cut deposit rates, bringing the total to 22 of 46 commercial banks, mostly by 0.5% per year for terms of 6 months and above. Expert PGS.TS Phạm Văn Phương warned that without transparency, bond yields could become a new benchmark and push deposit rates higher.
- PancakeSwap TVL tops $380M as major fee overhaul heads to vote
PancakeSwap's TVL rose nearly 19% over the past week, adding about $380 million to reach $2.4 billion on Wednesday, with V3 pools more than doubling to about $739 million. The proposal “The Flip,” open for voting from Oct. 21 to Oct. 24, would raise liquidity providers' share of swap fees on V3 and Infinity pools to 88% from 66%-68%. It would also cut daily CAKE emissions by about 69%, from 22,500 to 7,000 tokens. If approved, implementation is expected to begin in November. Over the past seven days, PancakeSwap accounted for about $4.67 billion, or roughly 71%, of decentralized exchange trading volume on BNB Chain.
- France proposes liability for crypto exchanges offering DeFi access
French authorities, including the Treasury, AMF, central bank and ACPR, proposed revising MiCA so that crypto-asset service providers (CASPs) would be liable for certain client incidents where they actively facilitated access to DeFi. Platforms would need to vet DeFi protocols before offering access, monitor them for vulnerabilities and suspicious activity, and back certification of protocols and smart contracts. For self-custodial wallets, France opposes blanket certification requirements for developers and favors voluntary certification for advanced wallets integrating DeFi. The proposals would also transfer supervision of significant CASPs to ESMA and lower the threshold of 15 million average daily active EU users. A report to EU lawmakers, due by June 30, 2027, will draw on the consultation responses.
- Rocket Lab Just Had Another Setback. Here’s Why I’m Finally Buying the Stock Anyway
Rocket Lab delayed its Neutron rocket for the second time this year after a manufacturing flaw was found in a carbon composite tank dome in the first stage, sending the stock sharply lower to about two-thirds below its May all-time high. The first Neutron launch is now expected in 2027, instead of the fourth quarter of 2026. Q2 revenue reached $234 million, up 62% year over year, and backlog stood at $2.36 billion, while the company agreed to acquire Iridium Communications for about $8 billion including debt. The author says the stock is still not cheap at about 40 times sales and remains loss-making, but he is starting a small position and will add as milestones are reached.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.