The Hidden Risk Inside SpaceX
Elon Musk’s SpaceX debuted on the Nasdaq in June with the largest IPO ever, raising a record $86 billion. But the stock has been on a wild ride ever since.
Kara sits down with a panel of experts to assess SpaceX after its inaugural post-IPO earnings report and the first in a series of lockup expirations that released more than 900 million shares for trading. They break down where SpaceX is actually making money (spoiler: it’s Starlink) and what its massive AI spending, xAI acquisition and increasingly expansive ambitions reveal about Musk’s long-term strategy.
Ed Elson is an analyst, writer…
The skinny
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