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SpaceX’s Bold Bet or Bust | Durham News
SpaceX’s stock tumbled 13% after its first earnings report as a public company, shocking markets with capital expenditures exceeding $5 billion—far above estimates. The fallout has shifted investor focus from “when to buy” to “if we should even buy.” While some liken SpaceX to historic railroad bonds funding America’s future, betting on Starlink, AI compute, and orbital data centers as generational bets, skeptics warn the massive spending carries real risk. Analyst George Noble slashes the price target, citing negative free cash flow and losses in the AI segment despite revenue growth. The…
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