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Why SpaceX Stock Just Gained 11%
The Motley Fool·
SpaceX stock surged 11% after Elon Musk announced that AI revenue could exceed all other company revenue by September, driven by compute leasing contracts with Anthropic and Google. However, the article notes concerns about the company's heavy cash burn and lofty valuation, suggesting the stock may be overvalued despite the bullish AI revenue outlook.
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