Energy is the story this morning, and it's cutting in both directions.

The oil spike triggered by President Trump's Iran remarks overnight is lifting domestic producers sharply while hammering airlines and cruise operators that depend on affordable fuel.

The acquisition rumor circulating around one satellite company is adding a different kind of energy to premarket trading, with that stock posting the session's biggest single-name gain.

Meanwhile, gold miners are giving back gains as the metal retreats following an eventful night in geopolitics.

Tesla (TSLA) and SpaceX: still two companies, or one by 2027?

Wedbush's Dan Ives is betting on the latter, pointing to a joint chip factory in Austin, a pending SpaceX IPO targeting a $1.75T valuation, and operational ties that are tightening fast. Markets are giving it about a 1-in-5 shot by this time next year.

What do you think? Hit the button below to weigh in and claim your $20 bonus.

Globalstar (GSAT): +13%

The satellite services company is surging after the Financial Times reported that Amazon (AMZN) is in talks to acquire it. Amazon declined to comment and Globalstar did not immediately respond, but that was enough: a potential acquisition in play is all the market needed to see.

APA Corporation (APA): +4.3%

Oil jumped more than 7% overnight after President Trump's speech signaled the conflict in Iran would continue, and energy names are moving with it. APA is leading the group, adding the most among the domestic producers catching a bid.

Diamondback Energy (FANG): +3%

The Permian Basin pure-play is riding the same wave as the rest of the energy sector, with oil prices spiking on continued Middle East tensions following Trump's speech.

Iamgold (IAG): -7%

Gold prices shed 1% following Trump's Iran speech, and gold miners are taking the hit. Iamgold is the deepest loser in the group, falling nearly 7% as the metal gives back some of its recent gains.

Newmont (NEM): -5%

The world's largest gold producer is sliding alongside the metal after Trump's speech rattled the gold trade. Gold miners had been among the market's best performers, so the pullback is partly a reflection of how far the group had run.

Carnival (CCL): -4%

Surging oil prices are bad news for cruise operators, and Carnival is bearing the brunt of it. Higher fuel costs hit Carnival's margins directly, and the Trump speech gave the market one more reason to worry that elevated oil prices could dampen consumer travel demand.

Delta Air Lines (DAL): -4%

Airlines run on jet fuel, and a 7% oil spike overnight is a direct hit to the sector's cost structure. Delta is leading the airline declines as the market prices in margin pressure across carriers large and small.

Who’s getting the boot from Trump’s cabinet this year?

On Kalshi, Karoline Leavitt leads at 47% odds (2.05x payout), with Pete Hegseth hot on her heels at 46%.

Over $2.4 million in volume says someone’s getting fired.

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Rocket Lab Corporation (RKLB)

Rocket Lab is a trending ticker on WallStreetBets and Stocktwits right now, with Reddit mention volume surging in the past 24 hours.

The conversation centers on two overlapping debates: whether the Neutron medium-lift rocket will stick to its Q4 2026 launch target after a stage tank rupture earlier this year, and whether Rocket Lab is the best publicly traded way to position ahead of a widely anticipated SpaceX IPO.

The company closed 2025 with record revenue of $602 million and a backlog of roughly $1.85 billion, giving the bull case a real foundation beyond pure sentiment. But the stock is down meaningfully year to date, and whether today's renewed chatter turns into actual buying pressure or just noise is the question retail traders are actively debating.

✌️That’s it for today.