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SpaceX AI Spending Sparks Buy Rating | Durham News
SpaceX’s first earnings report sent Wall Street into a tailspin—thanks to massive AI spending—but Argus Research flipped the script, upgrading the stock to “Buy” with a $160 price target. The key? SpaceX’s finance chief revealed AI investments are already paying off in under a year, backed by huge cloud contracts. Meanwhile, Starlink revenue surged 92% YoY, now profitable and on track for $100B annual revenue by 2026. Argus sees long-term upside—if AI keeps growing, becomes profitable, and share sell-offs ease. Listen in comfort:Get a discount on a Soli Pillow…
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