SpaceX’s AI business just outearned its rockets and Starlink combined, bringing in $7.6 billion of a $14.6 billion quarter. But the AI buildout is costing almost $20 billion a quarter, and Elon Musk has now put a Tesla-SpaceX merger on the table. Here’s what the numbers really say, three scenarios for what comes next, and why Tesla’s earnings tonight could be the next big signal.

Tesla just secured $30 billion in new credit, and it hasn't touched a cent of it. With capital spending set to top $25 billion this year, the real question isn't whether Tesla can raise money. It's whether it will need to. Here's what to watch when Tesla reports next.

Wall Street just posted its worst session in a month, oil rocketed past $100 a barrel, and gold — usually a safe haven — fell anyway. Here's what's driving the moves across stocks, bonds, oil, gold, and Bitcoin, and what traders are watching next.