The comment comes as SpaceX shares have remained remarkably resilient since lockup restrictions on roughly 911.5 million shares expired Aug. 6, a tranche that became eligible for sale but was not necessarily sold.
Speaking on his podcast “The Real Eisman Playbook,” Eisman called SpaceX’s first quarterly report as a public company “very mixed at best.”
Revenue of $7.8 billion grew 92% year over year and the net loss narrowed to $541 million, but capital expenditures jumped to $18.4 billion, with roughly $15.8 billion reportedly going toward AI infrastructure.
‘What Exactly Is This Business Model About?’
Eisman asked whether SpaceX is a satellite and rocketry business with monopolistic characteristics, an AI company trailing OpenAI and Anthropic, or a strange combination of the two.
