SpaceX beat expectations in its first earnings report, but the market barely cared. Despite strong revenue growth and solid results, $SPCX still fell 10%, showing that investors are looking beyond the headline numbers. The real concern seems to be the massive $18.4B spent on AI infrastructure in just one quarter. With a $123B share unlock happening next, volatility could stay elevated as traders wait to see whether that spending eventually translates into profits. I'm keeping $SPCX on my BingX watchlist for now. The long-term story still looks interesting, but I'd rather see how the market reacts over the next few sessions before making any decisions. #CMC Quest: Earn Rewards# #Macro Insights# #Altcoin Season#