If you don’t read any stock market-related news this week… read this.

Because some of the most market-moving stocks just made big announcements.

And what they announced is definitely worth your attention.

#1: SpaceX’s First Earnings Report… Ever

Here's what SpaceX delivered:

Revenue: $7.81 billion vs. $6.93 billion expected

Loss per share: 9 cents.

Here’s how the company’s three segments performed:

Space: $962 million vs. $835 million expected

Connectivity: $4.29 billion vs. $3.83 billion expected

AI: $2.56 billion vs. $2.18 billion expected

The company also spent $18.4 billion on capital expenditures during the quarter.

Of that, $15.8 billion went toward AI.

This is the point most investors are missing.

Today, SpaceX is primarily a connectivity business. Starlink generates billions of dollars in recurring revenue by providing internet service around the world.

But management is taking those cash flows and investing aggressively in AI.

So while SpaceX is known for rockets, the company's financials tell a different story.

The connectivity business is funding an enormous AI buildout.

This is the part investors need to be watching over the next several years.

Rockets are secondary.

#2: Newsflash… The AI Buildout Isn't Stopping

To find out if AI demand is actually slowing...

Look no further than the CEOs taking the orders.

Amazon CEO Andy Jassy:

"We have so much [data center] demand right now. Apart from what we've talked about in 2026, the lion's share of capacity in 2027... is largely reserved. And we have quite a bit of capacity that's already been reserved for 2028."

Meta CEO Mark Zuckerberg:

"I mean, look, the high-level observation is that there's just nowhere near enough compute for all the demand. So that is why we see that like basically, we are getting a large number of offers for the compute that we have, but also we have a lot of internal uses that we think are quite valuable."

Caterpillar CEO Joe Creed:

"There is a lot of discussion around AI demand. We have constant discussions with our customers, and all I can tell you is no one is slowing down at the moment. In fact, if we can get more units out, they're asking us to give them more units... We're starting to take orders into 2029 and 2030 already."

AMD CEO Lisa Su:

“AI is driving a significant expansion in demand for compute across all of our markets, and our leadership portfolio and growing customer visibility position us exceptionally well to capture this expanding opportunity and deliver substantial revenue and earnings growth in the years ahead.”

Four CEOs.

Four different industries.

One message.

The AI buildout isn't slowing down.

It's accelerating.

Final Takeaway: Don’t Listen to the Noise

Over the last few weeks, the market acted like the AI buildout was over.

This week, the companies actually building it told us the exact opposite.

• SpaceX accelerated AI investment.

• Amazon says customers are reserving capacity years in advance.

• Meta says there still isn't enough compute.

• Caterpillar says customers are placing orders into the end of the decade.

This is why the recent panic never changed my long-term thesis.

I hope it didn’t change yours.

While stock prices can swing wildly from one month to the next… Business fundamentals usually don't.

This week was a good reminder of that.