SpaceX (NASDAQ:SPCX) held its first earnings call as a newly public company last week, and the stock fell roughly 14% following the report as investors zeroed in on higher-than-expected AI capex.
SPCX stock is moving.
See the chart and price action here.
Cathie Wood's ARK Invest sees the selloff differently.
Daniel Maguire, ARK's research analyst covering autonomous technology and robotics, argued the market reaction was short-term and overlooked the $28.5 trillion total addressable market SpaceX outlined in its S-1 filing.
