SpaceX reported its first quarter as a public company. Revenue up 92%, every segment beat estimates, stock fell 11%. Tw…
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SpaceX reported its first quarter as a public company. Revenue up 92%, every segment beat estimates, stock fell 11%. Two things spooked the market: → Capital spending hit $18.4 billion against expectations around $13 billion — almost $16 billion of that in the AI segment alone → The lockup expired the same week, freeing up a huge block of shares But look at the segments. Starlink made $1.66 billion in operating profit. Space and AI lost $1.8 billion. One business is funding the other two.…
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