On CNBC’s Squawk on the Street this morning, Jim Cramer laid out a two-sided view of SpaceX in the wake of the company’s first post-IPO earnings report. He’s bullish on the trillion-dollar revenue thesis by 2030, but he’s cautious about the near-term headwinds likely to hit the stock as soon as tomorrow. SpaceX reported a ... Jim Cramer: SpaceX Could Reach $1 Trillion in Revenue by 2030, but “Short Term, Forget About It”
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(Bloomberg) -- Stocks in Asia were poised to ease Thursday as investors digested gains in technology shares while watching for fresh signs of progress toward a deal to reopen the Strait of Hormuz.Most Read from BloombergIran Says Agreement on Hormuz Shipping Reached With OmanSpaceX’s AI Splurge Puts a Damper on First Earnings After IPOTrump Says Iran Talks Going Well as Hopes Rise for Hormuz DealChina’s AI Blitz Creates ‘Death Zone’ for Rival US Model MakersTaco Bell Met With Michigan on Parasit
Investors are scrutinizing the AI trade amid concerns that companies may be throwing money into a bottomless pit.

<body><p>STORY: Shares of SpaceX plunged nearly 14% on Wednesday, one day after Elon Musk's rocket and AI company reported its first quarterly results since its IPO.</p><p>SpaceX's revenue nearly doubled and operating losses narrowed, fueled by its booming Starlink satellite communications and AI businesses.</p><p>But investors remained concerned about how long the company could maintain spending on AI-related investments such as data centers.</p><p>"An earnings call involving Elon Musk is a lot of vision, not a lot of substance often," Orczyk Sissel said. "And I think we saw that. The stock was down following the call, I think, in anticipation for the expiration of the lockup." </p><p>The current float is so small that the first lockup expiry alone could more than double the number of shares available for trading.</p><p>"I would not be a buyer of SpaceX until we have a better idea of what kind of float's going to be out there after these lockups expire," Orczyk Sissel said.</p></body>
Elon Musk’s SpaceX (NASDAQ:SPCX) beat revenue estimates in its first earnings report as a public company, but one veteran analyst says the rocket maker is quietly turning into something else: a landlord for other people’s AI compute. Shares tumbled as...
The Dow Jones hit a new high thanks to Nvidia, but Google, SpaceX and AMD weighed on the Nasdaq. Sandisk, Western Digital fell late.
One successful flight could reshape SpaceX's cost equation
SpaceX's public float is about to more than double -- and it's happening right after a post-earnings sell-off.
Tesla's AI products will "dramatically" increase demand for SpaceX's Starlink internet service, CEO Elon Musk said. Both stocks are down.
While SpaceX's most recent earnings report barely mentions X, it is clear the company's ad revenue has fallen hundreds of millions of dollars since Elon Musk took over in 2022.
SpaceX Corp (NASDAQ:SPCX) shares remained under pressure on Wednesday, with shares falling about 13% to around $109, as analysts remained broadly positive following the company's first earnings report as a public company, arguing the results reinforced its long-term growth outlook despite...
SpaceX just posted its first public earnings report and shares cratered in after-hours trading, but Elon Musk is calling the selloff a buying opportunity. Before you follow his lead, there are some serious questions about the numbers worth considering.
The company will be the exclusive provider of AI chips to another big name in the space.
A sixfold jump in capital spending overshadowed stronger results and a more ambitious long-term revenue target.
SpaceX reported its first quarterly results as a public company, beating on revenue but falling 11% as investors focused on heavy capital spending. Its 18,712 bitcoin lost roughly $195 million in value during the quarter. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
SpaceX stock has been weak for weeks. Analysts are sticking with their price targets. The average analyst price target for SpaceX stock is about $227 a share, according to FactSet, down $1 since SpaceX reported better-than-expected second-quarter numbers on Tuesday evening.
Investors are focused on whether SpaceX will be able to deliver on its ambitious artificial intelligence agenda.
CEO Abel Avellan said the launch shows steady progress toward a space-based cellular network built for scale and that beta services are planned for later this year. Retail sentiment around ASTS improved after SpaceX’s second-quarter earnings on Tuesday. Shares of AST SpaceMobile (ASTS) traded lower on Wednesday after a sharp rally the previous day, as investors digested a successful satellite launch alongside broader space-sector moves.
It can still get uglier for SpaceX.
Tech stocks were taking a breather during Wednesday's session after leading yesterday's rally. The Nasdaq Composite was down 0.3%, while the S&P 500 fell to the flatline. The second-quarter earnings season is ongoing, and companies that deliver beats on the top and bottom lines have seen muted stock reactions.
SpaceX's stock slide continues, and it may be a gift for investors.

SpaceX (SPCX) erases $205 billion in market value on Wednesday following its first-ever earnings release, with its AI spending forecasts weighing heavily on investors' minds. BofA Securities senior aerospace and defense analyst Ron Epstein comes on Market Domination to discuss his biggest takeaways from SpaceX's results.