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CEO Elon Musk Just Announced Great News for SpaceX Stock Investors

The Motley Fool·
CEO Elon Musk Just Announced Great News for SpaceX Stock Investors

Elon Musk projects that AI could represent 99% of SpaceX's value within 4-5 years, with the company's AI revenue growing 247.5% year-over-year to $2.6 billion in Q2. However, analysts warn the bull thesis is risky due to fierce competition, heavy reliance on a single customer (Anthropic) for 19.5% of AI revenue, and uncertainty about sustained AI infrastructure spending growth.

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