Good morning.
The Fast Five → SpaceX revenue soars 161%, the Fed can kill the AI boom, Anthropic discloses an $80B net loss, CoreWeave flirts with a bear trap, and SpaceX and Tesla boards form special committee to review merger…
📌 Nov 11 Announcement Could Send This Stock Soaring →
(from Altimetry)
Calendar: Full Calendar »
Today:
None watched
Tomorrow:
Unemployment Claims, 8:30A
Your 5-minute briefing for Wednesday, October 21:
BEFORE THE OPEN
As of market close 10/20/2026.
Pre-Market:
Market Wrap:
Futures: Dow +21, S&P +0.3%, Nasdaq +0.8%
Tue: Dow +530 (+1%), S&P +0.3%, Nasdaq flat
SpaceX surged 8% on 161% revenue growth
SpaceX and Tesla are exploring a merger
3M jumped 5% after raising profit guidance
Oil declined, with WTI falling 1.8%
Focus shifts to Meta, Tesla, IBM, and Southwest earnings
EARNINGS
Here’s what we’re watching this week:
Today: *AT&T $T ( ▲ 0.95% ), Southwest Air $LUV ( ▲ 2.19% )
Meta $META ( ▼ 1.59% ) - YoY EPS growth of 465.7% to $5.94 on 23.6% revenue growth to $63.35B
THU: *American Airlines $AAL ( ▲ 3.68% ), *Blackstone $BX ( ▲ 3.04% ), *Procter & Gamble $PG ( ▲ 1.03% ), *Spotify $SPOT ( ▲ 1.41% )
FRI: American Express $AXP ( ▲ 0.61% )
Power Bill Revolt Could Hit Ballot Box Nov. 3:
'Dark Energy' Stocks Set to Soar
Power bills have doubled and even tripled across America, and furious voters are about to send a clear message on November 3:
The only way to get AI off the power grid… without losing to China and crashing the economy… is a criticaltech now being deployed by Elon Musk.
One expert calls it "Dark Energy."
Washington has already greenlit it on an emergency basis, it comes online almost instantly, it's already sold out through 2028… and one small group of companies hold the keys to it.
- A sponsored message from Altimetry -
HEADLINES
SpaceX grew revenue by 161% over three months ending in September compared with the same period a year earlier, according to an earnings release issued on Tuesday.
Dow outperforms as Wall Street rises, healthcare stocks lead gains (more)
Stocks face headwind that ended other bull markets (more)
Fed to skip October but raise rates again in December, say economists (more)
French debt costs spiral as political and fiscal crises grow (more)
Oil rises on Middle East supply worries (more)
Gold edges lower as investors weigh Fed rate signals (more)
Dollar dips on AI worries, euro edges up despite French unrest (more)
US pending home sales tumble to record low in September (more)
The next big AI debt wave is pushing credit swaps to new highs (more)
SpaceX and Tesla boards form special committees to review merger (more)
Super Micro sees quarterly revenue soaring on AI server boom (more)
Netflix issues weak fourth-quarter forecast, shares drop (more)
GM beats on Q3 results, tightens outlook, unveils new $20B buyback (more)
CoreWeave flirts with a bear trap as the cost of insuring its debt triples (more)
Anthropic discloses an $80B net loss for the first half of 2026 (more)
ByteDance, Alibaba, Tencent place over $35B Nvidia chip orders (more)
Apple commits $100M for titanium in domestic manufacturing push (more)
Qualcomm to cut jobs worldwide in performance-focused layoffs (more)
Ryanair boss predicts ‘biggest increase in airfares in history’ (more)
DEALFLOW
M+A | Investments
OpenAI acquires biotech startup Orchestra Bio
Salesforce deepens AI bets with $5.66B Braze deal
Prudential sheds Brazil, Mexico units to CNP for $4B as it narrows its focus
CBRE agrees to buy Onnec in deal worth up to $1 billion
Gulf Keystone, ShaMaran agree $601M oil merger
Starboard’s Smith unveils stake in Solstice, presses for improvements
Truck Parking Club receives investment from Argentum Capital Partners
VC
Reliable Robotics, a company specializing in autonomous aircraft systems, raised $115M in new capital, upsizing its Series D round to $275M
Daytona, an agent cloud platform that builds computers for AI agents, raised $60M in Series B funding
AuxoAI, a provider of enterprise AI services and engineering solutions, raised $20.7M in Series A funding
Firefly, a physical AI platform for safety, raised $20M in Series A funding
Atombeam, an AI technology company, raised $18.3M through its Regulation A+ offering on StartEngine
ScribeUp, an AI-powered embedded recurring bill platform for inancial institutions, raised $13M in Series A funding
Veckta, an onsite energy planning and procurement platform, raised $11M in Series A funding
Rosie, a membership platform for flexible childcare and household support, raised $7M across two financing rounds
Asymptote Labs, a provider of runtime infrastructure for AI agents, raised $5.5M in Seed funding
CRYPTO
BULLISH BITES
📈 Furious voters could push these stocks higher. *
📊 How to play the retreat in defense stocks.
💰 Larry Ellison went on borrowing spree to bankroll his son’s Warner Bros. bid.
🧠 The hidden signal that predicts who will become a future CEO.
🎥 Nathan Fielder explains how You Can See Everything evolved.
DAILY SHARES
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