Spacex Results Lift AI Stocks as Major Tech Earnings Near

WHO:

CNBC - Altimeter Capital CEO Brad Gerstner said Musk’s planned SpaceX share donation for Trump Accounts would be “the tip of the iceberg” and said he had discussed the accounts with “every major tech CEO and founder.”

Yahoo Finance - Tesla CEO Elon Musk said Optimus robots need to learn by playing at scale and compared the robot’s development to a child learning to navigate the world.

Yahoo Finance - Meta CEO Mark Zuckerberg said more than a quarter of users of Meta’s Muse AI agent shop through it, with average purchases exceeding $200; he said Meta worked with Stripe to raise credit limits during Muse’s first week.

Yahoo Finance - IBM CEO Arvind Krishna said large enterprises are increasingly evaluating the return on investment from AI spending and are concerned about spending without real returns.

Yahoo Finance - SpaceX and Tesla established special committees to evaluate a potential merger, according to a report on the companies’ earnings.

Yahoo Finance - Cresset chief market strategist Joe Zidle said SpaceX’s results suggested a longer runway for the AI trade, while concerns about overinvestment remained.

NewsBTC - MEXC CEO Vugar Usi said a market theme can drive activity in both tokenized U.S. stocks and on-chain new tokens.

Yahoo Finance - Berkshire Hathaway CEO Greg Abel had been named to take over the CEO role from Warren Buffett.

Yahoo Finance - Warren Buffett said he would step down as Berkshire Hathaway chairman.

Yahoo Finance - SpaceX CEO Elon Musk said on the company’s earnings call that claims of excess AI infrastructure capacity were “ridiculous.”

Fast Company - Space Exploration Technologies Corp. (SpaceX) founder and CEO Elon Musk discussed the company’s potential revenue growth and a possible merger with Tesla.

Fast Company - SpaceX reported that its “Super Intelligence (SI)” segment and Connectivity drove revenue growth; CNBC identified Super Intelligence as SpaceX’s largest business.

Bloomberg Markets - Citadel’s Ken Griffin said investors are “almost certainly” in an AI bubble; Deutsche Bank’s Christian Sewing said he did not see one.

Bloomberg Markets - Nvidia CEO Jensen Huang spoke at the Nvidia GTC event in Berlin.

Bloomberg Markets - Tesla, Meta, and IBM were scheduled to report earnings.

Bloomberg Markets - Peel Hunt’s Kallum Pickering discussed risks around debt-financed growth; Bank of America International President Bernard Mensah spoke with Bloomberg’s Francine Lacqua.

WHAT:

Yahoo Finance - Tesla cut its 2026 capital-spending plan to $20 billion from the $25 billion forecast it gave three months earlier.

Yahoo Finance - Meta reported robust quarterly earnings; Zuckerberg said its AI investments were paying off. Tesla’s third-quarter revenue was slightly below forecasts, while adjusted earnings exceeded forecasts.

Yahoo Finance - The S&P 500 gained 0.6%, the Nasdaq 100 rose 1.1%, and the Dow Jones Industrial Average advanced 0.7%; the Russell 2000 gained 0.3%.

Yahoo Finance - The VanEck Semiconductor ETF and iShares Semiconductor ETF each rose about 0.8%; the Vanguard Information Technology ETF gained 1.2%.

Yahoo Finance - SpaceX shares rose 7%; Tesla shares gained more than 3% ahead of its quarterly report.

Yahoo Finance - Meta’s Muse AI agent required higher credit limits after first-week transaction volumes exceeded expectations, according to Zuckerberg.

NewsBTC - MEXC reported that September 2026 month-over-month trading volumes rose 77% for new tokens, 78% for TradFi spot trading, and 81% for tokenized U.S. stocks.

NewsBTC - The number of newly listed tokens on MEXC grew 15% month over month, and the number of users trading new tokens increased 27%.

NewsBTC - Stock Meme projects 4STOCK and MEMEROBINHOOD represented about 38% of the combined trading volume of the top 10 new tokens; five Stock Meme projects appeared across two rankings, and three ran on Robinhood Chain.

NewsBTC - Tokenized U.S. stocks accounted for about 66% of September’s increase in MEXC TradFi spot trading volume; MRVL and META trading volumes rose 212% and 152%, respectively.

NewsBTC - Tokenized U.S. stock CRCL trading volume increased 103% month over month and ranked fourth in TradFi spot trading volume.

NewsBTC - MEXC’s September xStocks Gala drew nearly 100,000 registrations and averaged more than $3.4 billion in daily trading volume during the campaign.

Yahoo Finance - Wednesday’s early market heat map showed technology stocks leading gains; Nvidia, AMD, Micron, and SK Hynix rose.

Yahoo Finance - Tesla and Meta were scheduled to report earnings after Wednesday’s market close; Supermicro’s quarterly results were due the following month.

Fast Company - SpaceX shares were up more than 10% midday Wednesday after its earnings report.

Yahoo Finance - Tesla shares rose following Musk’s merger remarks, while Nvidia, AMD, Micron, and SK Hynix shares also rose.

Yahoo Finance - Supermicro raised its fiscal first-quarter revenue forecast ahead of results due next month.

Yahoo Finance - Supermicro shares surged 13% after the server maker raised its fiscal first-quarter revenue forecast ahead of quarterly results.

Yahoo Finance - Brent crude futures fell to $108 per barrel, while West Texas Intermediate futures hovered near $97 per barrel.

Yahoo Finance - Tesla shares rose after Musk hinted at a possible merger with SpaceX.

Yahoo Finance - Energy stocks retreated as oil prices declined.

Yahoo Finance - Berkshire’s Class B shares rose 7% while chip stocks fell 15% over three weeks; the S&P 500 gained more than 35% during the 17-month period before Berkshire’s record close.

Yahoo Finance - From Oct. 6 through Tuesday, the iShares Semiconductor ETF fell in 10 of 11 sessions, while Berkshire rose on nine of those days.

Yahoo Finance - Chip stocks fell at least 14% while Berkshire gained at least 7% over a 12-session period; before this month, the last such occurrence was Oct. 3, 2001.

Yahoo Finance - In five of six previous comparable cases, chip stocks were higher a week later; a year later, chips were lower in five of six cases and the S&P 500 was down in four.

Yahoo Finance - Musk said, “I do not think we are going to have a demand issue here,” and said a six-month payback period for computing capacity in the following year was “not impossible.”

Yahoo Finance - CoreWeave shares gained 2% in premarket trading, Nebius shares rose 2%, and IREN Limited advanced 3%.

Yahoo Finance - 22V Research analyst Dauvin Peterson said he saw momentum in AI demand through 2027.

Yahoo Finance - Berkshire bought back about $4.5 billion of its own shares in the second quarter, ending 14 consecutive quarters of net stock selling as its cash holdings declined from a record $397 billion.

Yahoo Finance - Berkshire Hathaway Class B shares closed at a record, their first record close since May 2, 2025; Class A shares also reached an intraday record.

Yahoo Finance - Berkshire was on track to rise in 14 of 15 consecutive sessions and had a 10-session winning streak, its first since 2018.

Yahoo Finance - From October 2 through Tuesday, Berkshire outperformed the iShares Semiconductor ETF by 22 percentage points, the widest gap over a 12-session period since early 2010.

Fast Company - SpaceX reported third-quarter revenue of $14.58 billion, above analyst expectations of $12.72 billion, and adjusted earnings per share of 45 cents, versus expectations of 13 cents.

Fast Company - SpaceX revenue rose 161% year over year. Operating income was $2.8 billion and net income was $4.4 billion, compared with a net loss of $1.05 billion in the same period a year earlier.

Fast Company - Super Intelligence revenue rose ninefold to $7.56 billion from $813 million in the same period a year earlier.

Fast Company - Starlink had 13.6 million subscribers, up from 12 million in the prior period, service in 174 countries, and more than 11,000 satellites in orbit.

Fast Company - Musk wrote on X, “As crazy as this sounds, $1T in SpaceX revenue in 2028 is no longer impossible.” He had estimated on a second-quarter earnings call that the milestone would not be achievable until 2030, while noting “there’s a non-zero chance of that being in 2029.”

Fast Company - Musk called a potential merger with Tesla a “good idea.”

Bloomberg Markets - US stock futures rose after SpaceX results eased concerns about the sustainability of global investment in artificial intelligence.

Bloomberg Markets - Bloomberg described SpaceX’s results and Musk’s merger remarks as boosting investor confidence and reviving the AI trade.

Bloomberg Markets - Meta investors were expected to seek updates on AI spending and progress monetizing its cloud business to offset costs.

WHERE:

Bloomberg Markets - Jensen Huang spoke at the Nvidia GTC event in Berlin.

Bloomberg Markets - Bernard Mensah’s conversation with Francine Lacqua took place at the Berlin Global Dialogue.

WHEN:

Yahoo Finance - Tesla, Meta, and IBM executives discussed these developments on earnings calls after the market closed Wednesday.

NewsBTC - Circle launched the Arc blockchain mainnet on September 16, 2026; ARGUS was listed on MEXC that day.

Yahoo Finance - Berkshire’s record close came Tuesday, and both its Class A and Class B shares reached intraday records Wednesday.

Yahoo Finance - Berkshire’s third-quarter results were expected to be released “Saturday, Nov. 7.”

Fast Company - Musk’s $1 trillion revenue goal referred to 2028; his prior estimate was 2030, with a possible chance of reaching it in 2029.

Bloomberg Markets - Meta was scheduled to report quarterly results on Wednesday after the market close.

WHY:

CNBC - Altimeter Capital CEO Brad Gerstner said Musk planned to donate SpaceX shares worth $10.5 billion for children’s Trump Accounts, calling the planned gift “the tip of the iceberg.”

CNBC - Gerstner said he aimed to raise $100 billion over the next 12 months to sponsor children’s accounts and had committed about $35 million to seed accounts for children in Indiana.

Bloomberg Markets - Strong SpaceX results eased investor concerns about whether global AI investment could prove sustainable.

HOW:

NewsBTC - MEXC said its temporary trading campaign combined popular assets with trading incentives; the company described its platform as offering zero-fee trading.

CNBC - Treasury’s temporary rules allow donated individual stocks in Trump Accounts, a change from earlier rules that allowed only diversified, low-cost index funds.

Yahoo Finance - Brent crude fell to $108 per barrel as energy stocks retreated; West Texas Intermediate traded near $97 per barrel.

CNBC - Treasury’s temporary regulations allow Trump Accounts to hold donated individual stocks, whereas earlier guidelines permitted only diversified, low-cost index funds.

CNBC - Gerstner said he had spoken with “every major tech CEO and founder” about the accounts; the $100 billion target is about one-sixth of U.S. charitable giving.

CNBC - Americans donated $592.5 billion in 2024, according to the National Philanthropic Trust.

Fast Company - SpaceX attributed its revenue growth to its Super Intelligence segment and accelerated growth in Connectivity.

Bloomberg Markets - Meta investors were watching whether cloud-business monetization could help offset AI spending costs.

(UPDATED October 22, 2026 13:17 UTC)

Markets advanced, with the S&P 500 up 0.6%, the Nasdaq 100 gaining 1.1%, and the Dow rising 0.7%, led by technology shares. Meta reported strong quarterly earnings, and CEO Mark Zuckerberg said its AI investments were paying off. He said more than a quarter of Muse users shop through the agent, with average purchases above $200. Tesla’s revenue came in slightly below forecasts, though adjusted earnings beat expectations; the company also cut its 2026 capital-spending plan to $20 billion from $25 billion. Elon Musk said SpaceX and Tesla had formed committees to evaluate a possible merger, while SpaceX shares rose after earnings. Musk also dismissed concerns about excess AI infrastructure. At Berkshire Hathaway, Greg Abel was named to succeed Warren Buffett as CEO, and Buffett said he would step down as chairman. Berkshire shares closed at a record. Meanwhile, investors remained divided over whether AI spending is creating a bubble.

(UPDATED October 22, 2026 11:07 UTC)

SpaceX reported a sharp jump in third-quarter revenue, easing investor concerns about AI spending and lifting U.S. stock futures. Revenue climbed 161% to $14.58 billion, while net income reached $4.4 billion, compared with a loss a year earlier. Its Super Intelligence business brought in $7.56 billion, nine times the year-earlier figure, and Starlink’s subscriber base grew to 13.6 million. Elon Musk called claims of excess AI capacity “ridiculous,” said demand was not a concern, and described a possible Tesla merger as a “good idea.” He also said $1 trillion in SpaceX revenue in 2028 was no longer impossible. Elsewhere, Greg Abel was named Berkshire Hathaway’s next CEO as Warren Buffett said he would step down as chairman. Berkshire shares reached records, while chip stocks had recently fallen. On MEXC, September trading rose across new tokens and tokenized U.S. stocks, with the latter up 81%.

(UPDATED October 22, 2026 09:05 UTC)

SpaceX reported a sharp jump in quarterly revenue and earnings, helping lift investor confidence in artificial intelligence spending. Revenue rose 161% to $14.58 billion, beating expectations, while net income reached $4.4 billion, compared with a loss a year earlier. Its Super Intelligence business brought in $7.56 billion, up ninefold, and Starlink had 13.6 million subscribers. Elon Musk called claims of excess AI capacity “ridiculous” and said a $1 trillion revenue goal in 2028 was no longer impossible. He also described a possible SpaceX-Tesla merger as a “good idea,” and Tesla shares rose. Technology stocks gained, while Supermicro surged after raising its revenue forecast. Oil prices fell, pulling energy stocks lower. Meanwhile, Berkshire Hathaway named Greg Abel as its next CEO as Warren Buffett said he would step down as chairman. Berkshire shares reached records, and the company bought back about $4.5 billion of its stock in the second quarter.

(UPDATED October 22, 2026 08:03 UTC)

SpaceX reported strong third-quarter results, helping lift investor confidence in the artificial intelligence trade. Revenue climbed 161% to $14.58 billion, beating expectations, while earnings per share also came in well above forecasts. Its Super Intelligence business generated $7.56 billion, up ninefold, and Starlink grew to 13.6 million subscribers. Elon Musk called concerns about excess AI infrastructure “ridiculous,” and said a potential merger with Tesla was a “good idea”; Tesla shares rose. Musk also said SpaceX could potentially reach $1 trillion in revenue in 2028. Separately, Warren Buffett said he would step down as Berkshire Hathaway chairman, with CEO Greg Abel set to take over as chief executive. Berkshire shares reached record levels, and the company bought back about $4.5 billion of its shares in the second quarter. Supermicro raised its revenue forecast, sending its stock higher, while oil prices fell and energy shares retreated.

(UPDATED October 22, 2026 07:23 UTC)

SpaceX reported a sharp jump in revenue and earnings, easing concerns about whether the global AI investment boom can last. Revenue rose 161% to $14.58 billion, beating expectations, while net income reached $4.4 billion, compared with a loss a year earlier. Its Super Intelligence business brought in $7.56 billion, up ninefold, and Elon Musk called claims of excess AI capacity “ridiculous.” He said a trillion dollars in SpaceX revenue by 2028 was no longer impossible and described a possible merger with Tesla as a good idea. Tesla shares rose, and U.S. stock futures gained. Berkshire Hathaway also reached a record, with Class B shares closing at an all-time high. Warren Buffett said he would step down as chairman, while Greg Abel had been named to succeed him as CEO. Berkshire bought back about $4.5 billion in shares during the second quarter.

(UPDATED October 22, 2026 02:10 UTC)

SpaceX reported a sharp jump in revenue and profit, helping ease investor concerns about the sustainability of global AI investment and lifting U.S. stock futures. Revenue reached $14.58 billion, up 161% from a year earlier, while adjusted earnings were 45 cents a share; both beat expectations. The Super Intelligence business brought in $7.56 billion, nine times its year-earlier total, while Starlink grew to 13.6 million subscribers. Elon Musk called claims of excess AI capacity “ridiculous” and said demand would remain strong. He also said SpaceX could potentially reach $1 trillion in revenue in 2028 and called a possible merger with Tesla a “good idea.” Separately, Berkshire Hathaway shares hit records as chip stocks slid, and the company bought back about $4.5 billion of its stock in the second quarter. Warren Buffett said he would step down as chairman, while Greg Abel had been named to succeed him as CEO.

(UPDATED October 21, 2026 22:18 UTC)

SpaceX reported a sharp jump in quarterly revenue and profit, easing investor concerns about the sustainability of global AI investment and lifting U.S. stock futures. Revenue rose 161% to $14.58 billion, while net income reached $4.4 billion, compared with a loss a year earlier. Growth came from its Super Intelligence and Connectivity businesses; Super Intelligence revenue climbed ninefold to $7.56 billion. CEO Elon Musk called concerns about excess AI infrastructure “ridiculous,” saying he did not expect a demand problem. He also said SpaceX could potentially reach $1 trillion in revenue in 2028 and called a possible merger with Tesla a “good idea.” Meanwhile, Berkshire Hathaway named Greg Abel to succeed Warren Buffett as CEO, as Buffett said he would step down as chairman. Berkshire repurchased about $4.5 billion of its shares in the second quarter, and its Class B stock closed at a record.

(UPDATED October 21, 2026 19:17 UTC)

SpaceX reported a sharp jump in quarterly revenue and earnings, easing investor concerns about the sustainability of global spending on artificial intelligence. Revenue reached $14.58 billion, up 161% from a year earlier and above expectations, while adjusted earnings were 45 cents a share. Net income was $4.4 billion, compared with a loss in the same period last year. The company said growth came from its Super Intelligence business and connectivity; Super Intelligence revenue rose ninefold to $7.56 billion. Starlink had 13.6 million subscribers across 174 countries, with more than 11,000 satellites in orbit. Elon Musk said $1 trillion in annual revenue in 2028 was no longer impossible and called a possible merger with Tesla a good idea. US stock futures rose, while investors also watched for earnings from Meta, Tesla and IBM and updates on Meta’s AI costs and cloud revenue.