SpaceX's AI division xAI, which operates the Grok AI, has suffered massive losses of $6.4 billion on $3.2 billion revenue, failing to compete with leading AI firms like OpenAI and Google. Despite SpaceX's strong overall revenue of nearly $19 billion last year, xAI's losses and Elon Musk's heavy spending on data centers have raised concerns about the company's financial health. SpaceX rents data center space to competitors like Anthropic, generating income but raising questions about long-term strategy. With little demand for xAI's products and no major contracts, the AI unit remains a significant financial burden, casting doubt on SpaceX's future prospects.
SpaceX's stock has lost nearly all its gains made after its IPO, dropping about $1 trillion in valuation from $3 trillion on June 16 to $2.04 trillion on June 23, 2026. The share price fell from around $225.8 to $150.95 in just four trading days, pos...
Small-cap stocks, particularly those focused on value, are outperforming as earnings growth expands beyond the major tech companies known as the Magnificent-7. The Russell 2000 index has outperformed both the S&P 500 and Nasdaq 100 over the past year...
SpaceX's market value dropped by over $1 trillion recently, yet the company successfully raised $20 billion through debt, reflecting strong confidence from bond investors. While stock investors worry about heavy spending on Starship, AI, and data cen...
SpaceX's stock, SPCX, saw a record-breaking initial public offering with average daily trading volume nearly hitting 315 million shares in its first week. This surge made it the most popularly traded large stock in the U.S., surpassing major tech sto...
SpaceX shares dropped 19% since their IPO, contradicting Jim Cramer's June 17 prediction of a rapid 1 point per hour rise. Although Cramer initially suggested a quick rally, he later expressed skepticism and referred to SpaceX as a 'meme stock.' The ...
