SpaceX Stock Falls: Gene Munster Calls Q2 ‘A Blow Out’ — ‘Market Missing the Point’ - SpaceX (NASDAQ:SPCX

SpaceX Stock Falls: Gene Munster Calls Q2 ‘A Blow Out’ — ‘Market Missing the Point’ - SpaceX (NASDAQ:SPCX

SpaceX beat Q2 with Starlink/Cloud +$400-450M above consensus; expected capex 65% higher but contracted run rate targeting $100B by year-end. Market misreads capex; it funds growth drivers (Starlink Mobile late-2027, Moon 2028) with contracted revenue backing—classic early-stage signal.