Analyst to SpaceX Investors: You’re Valuing SpaceX Like AI Is Almost Worthless
A funny thing happened when Space Exploration Technologies (NASDAQ: SPCX) reported earnings this month. First, SpaceX declined 13.6% despite beats on both earnings per share and sales for the company. SpaceX lost only $0.09 per share in the quarter, where Wall Street had predicted a $0.29-per-share loss. Sales of $7.8 billion eclipsed forecasts by $1…
