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.
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TSLAMETASpaceXmergers and acquisitionsearningsElon Musk
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Related tickers and likely impact
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% |
META
• NeutralMeta Platforms
Relevance: low
| 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% |
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 717.52 |
| Change that session | -0.12% |
SPY
▲ Likely positiveSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/20/2026 | 769.01 |
| Change that session | +0.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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