Economic TimesLean R·
Not a moon crash, but AI sends SpaceX shares spiralling 14% lower on Wall Street. What lies ahead?
SpaceX shares plunged 14% as investors raised concerns over the company’s aggressive AI spending plans, despite strong quarterly results. The stock decline coincided with reports of a SpaceX rocket part crashing into the Moon after drifting off course for nearly a year. Analysts drew a metaphorical link between the lunar impact and the company’s falling valuation.
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