Furthermore, SpaceX's emerging AI segment saw revenue jump a massive 247%, fueled by major compute deals with tech giants.
Why the bubble is squeezing: While analysts expected a heavy Capex, nobody anticipated a USD 18.4 billion spending spree in a single quarter.
Worse still, the expiry of the post IPO insider lock up on Thursday means a massive wave of shares could flood the market, making this dip look like the first step down a very long staircase.
SpaceX is only a Buy if you view it as a decades long wealth fund for the future of humanity, rather than a quarterly tech stock. In the meantime, fasten your seatbelts & expect a bumpy ride to Mars.
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