$SPCX These earnings are incredibly impressive—the stock went absolutely berserk. Revenue soared 161%, net profit hit 4.4 billion, and the AI business has basically become a money-printing machine. The fundamentals are unbelievably strong!
The 2% drop this week was purely because Musk didn’t rule out a merger with Tesla, combined with the impact of Black Thursday. Investors used the high valuation as an excuse to shake out the market and drive the price down.
Put simply, whether or not a merger happens is beside the point: these AI results alone are more than enough to support the share price. This drop is just digging a golden pit. Once the shakeout is over, the stock will very likely rebound strongly next week and take off.
The 2% drop this week was purely because Musk didn’t rule out a merger with Tesla, combined with the impact of Black Thursday. Investors used the high valuation as an excuse to shake out the market and drive the price down.
Put simply, whether or not a merger happens is beside the point: these AI results alone are more than enough to support the share price. This drop is just digging a golden pit. Once the shakeout is over, the stock will very likely rebound strongly next week and take off.