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SpaceX’s Nasdaq Entry and AI Ambitions | Business and Finance News
Description
SpaceX just shattered IPO records with an $85 billion raise and a 20% stock surge on day one, poised to join the Nasdaq-100 on July 7th—fast-tracking its entry after just 15 trading days. Beyond rockets, the company’s pushing reusable tech for 99% cost cuts, building space-based AI data centers, and powering Starlink and future transport. Elon Musk’s vision drives bold bets, but steep risks loom: last year’s $12B AI spend led to a net loss. While Nasdaq-100 inclusion may trigger buying pressure, history shows it doesn’t always mean big gains—some stocks even dropped. Investors might want to wait for earnings before diving in.
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