SpaceX stock faces risks as Starship reaches launchpad, but the bigger threat may be AI spending.
SpaceX raised $25B in bonds for AI capex inherited from xAI; Alphabet's negative free-cash-flow quarter (first since 2004) triggers investor concern. Market demands proof AI spending yields returns—reshaping valuations for AI-heavy businesses like SpaceX.
SpaceX (NASDAQ:SPCX) faces visible risks whenever Starship reaches the launchpad, as scrubs, explosions and engine failures generate dramatic headlines.
However, artificial intelligence spending could create a larger threat for SpaceX stock.
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