Investors in Anticipation Over Musks Next Big SpaceX Deal

ImageAndrew here.How high can energy prices go without hurting the stock market? Brent crude, the global benchmark for oil, topped $110 a barrel this morning, yet surprisingly — unless you believe that strong corporate earnings mean energy costs don’t matter — the stock market has stayed calm.But if oil stays here or climbs higher, companies’ bottom lines could get squeezed.

We’re focusing on earnings this week, as heavyweights like Netflix, G.M.and United Airlines report, as well as SpaceX, which we get into below.Big questions about SpaceXWhen SpaceX reports quarterly earnings on Tuesday, there will be plenty of things for Wall Street to keep an eye on.Investors and analysts will study Elon Musk’s trillion-dollar colossus over its artificial intelligence spending.

And then there’s the question of whether Musk will announce a long-awaited combination of SpaceX with Tesla (which reports earnings on Wednesday).SpaceX is increasingly an A.I.story.

Tech stocks went up on Monday, as investors appeared to set aside their worries about the scale and speed of the A.I.buildout.

Companies like Anthropic have continued to demonstrate a hunger for computing power — a need that SpaceX is betting on by building huge, and hugely expensive, data centers.Last quarter, SpaceX’s A.I.spending exploded to $15.8 billion in the quarter, more than double its previous quarterly outlay.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access.

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