SpaceX goes public and finds out gravity works both ways
Turns out, even a company launching humans to the moon has to deal with the boring reality of quarterly earnings calls.
So SpaceX finally opened the books for everyone to see. After years of everyone treating them like a sci-fi dream factory, the reality of a public company is hitting hard. They aren't just burning cash to make cool stuff anymore; they have to actually explain where the money is going. Turns out, rocket science is expensive, but keeping the Starlink constellation in the sky and training AI is even pricier.
The stock price is currently doing a very terrestrial impression of a plummeting booster. It’s almost charming how a company that lands rockets vertically can’t quite figure out how to keep its stock soaring in the face of actual investor scrutiny.
Investors are finding out that betting on the stars is a lot more stressful when you’re watching a graph instead of a livestream.
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