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SpaceX Stock Surges Despite Insider Sales | Durham News
Description
SpaceX’s stock defied expectations, jumping 2.5% after insiders cashed out nearly a billion shares—despite fears it would crash. Analysts like Morgan Stanley are now calling it a buying opportunity, predicting a potential triple in value to $300 by next year. While the company posted a $541M loss, it beat earnings estimates and saw revenue surge 90% to $7.8B. Heavy R&D spending on AI and future tech is fueling investor nerves, but for now, the rocket’s ride continues upward.
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