Just when the bears thought that SpaceX was grounded due to its eye watering USD 18.4 billion quarterly infrastructure spend, SpaceX defied all expectations & shot up like a rocket to the moon.
That single day rip injected a casual USD 327 billion in market value back into the company. For context, that daily gain alone is worth more than the entire market cap of Netflix. Talk about an elite valuation rush!
Why Is It A Valuation Rush?
Wall Street expected early insiders to dump their stock the second the post IPO lockup expired. Instead, insiders held the line, giving the market a massive vote of confidence.
Alongside the stock surge, SpaceX mentioned a huge USD 16.8 billion Terafab semiconductor complex in Texas.
Elon Musk is building the physical infrastructure of the future.
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- AdamDavisΒ·08-10 20:02TOPI checked the Q1 numbers, what did that 18.4B infra spend do to free cash flow? This rush can burn hot, but can it fund itself1Report