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SpaceX's AI revenue soars but high costs and limited global access weigh on growth outlook

Market News
28 Oct 2026, 19:16 WIB
Seeking Alpha
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Bearish
SpaceX's AI revenue soars but high costs and limited global access weigh on growth outlook

SpaceX reported a strong increase in AI-driven revenue, reaching $7.56 billion in Q3 2026, yet faces challenges with high capital expenditures totaling $48 billion over nine months. Despite Starlink driving most of the profit, its dependence on government contracts and geopolitical issues restrict market expansion, especially in India and China. These factors contribute to a revenue forecast for FY 2026 that is 40% lower than the previous year, causing investor caution amid rising market volatility. The company's growth prospects are tempered by limited global access and bearish market sentiment despite its dominance in the U.S.

SpaceX is the subject of this market context, with Pluang data as of Oct 28, 2026 23:02 WIB. Among 150 priced Technology-sector US stocks tradable on Pluang, 64 rose and 85 fell today. Notable movers include ACN at USD 245.21 with a 1-day change of +4.27% and Pluang order activity showing 85% Sell / 15% Buy, VNET at USD 3.61 down 4.24% with 10% Sell / 90% Buy, and QBTS at USD 11.64 down 4.04% with 79% Sell / 21% Buy. The typical hold time on Pluang ranges from 17 to 130 days among these stocks.

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