OE | 𝔗𝔥𝔢 𝔒𝔭𝔢𝔫 𝔈𝔠𝔬𝔫𝔬𝔪𝔦𝔰𝔱 | Issue #28 Oct 22, 2026 |
The Take
SPACEX LIFTED THE AI TRADE. THEN IT WOBBLED AGAIN
| SpaceX's blockbuster earnings revived the AI rally early this week, revenue up 161% to $14.6 billion. But the bounce proved shaky: Tesla's profit fell 56%, markets slid on fresh AI-spending fears, and with oil past $110 and China entering a bear market, the trade looks as fragile as ever. |
By The Open Economist