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SpaceX's Bold Bet and Market Reaction | Bitcoin and Crypto News
Description
SpaceX just dropped earnings that look great on paper—revenue up 92%, EBITDA nearly tripled—but investors are jittery over an $18.4B investment spree in Starlink, Starship, and AI. With JPMorgan forecasting $200B in capital spending by 2027-2028, cash flow pressure is mounting. Meanwhile, over 900M insider shares are set to unlock today, potentially flooding the market by 143%. Despite a pre-market dip, some analysts remain bullish, holding a $800 price target as the core business stays strong—stock currently trading at $111.80.
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