Elon Musk Predicts a Wave of Failures Among AI Cloud Companies. Is SpaceX Stock a Sell?

Elon Musk warned that debt markets have cut off lending to AI cloud companies without significant revenue outside data centers, predicting most of 200+ neoclouds will fail or be acquired. SpaceX's AI segment now represents 52% of revenue ($7.56B in Q3), but the company differs from struggling neoclouds due to profitable Starlink and launch businesses providing $7B in quarterly revenue. While SpaceX faces high capital spending ($35-40B forecasted for Q4), its investment-grade credit rating and profitable AI unit suggest it's not a sell, though the stock at 34x sales isn't a bargain.