Bearish Call Looms for SpaceX Ahead of Earnings and Lock-Up Expiry
TL;DR Summary
SpaceX faces a fresh bear case as elevated short interest and a looming lock-up expiry converge ahead of quarterly results; Phillip Securities analyst Glenn Thum initiates coverage with a Sell rating and $75 target, arguing AI revenue may not justify the valuation despite Starlink driving profits, with investors watching Starlink growth, AI compute contracts, and Starship progress to gauge risk and potential upside.
- Top Analyst Drops Last Minute Call on SpaceX Before Earnings Yahoo Finance
- SpaceX's post-IPO plunge sets tense backdrop for first earnings report CNBC
- SpaceX’s Stock Lockup Is Expiring. Prepare for a Bumpy Ride. The New York Times
- SpaceX set to release its first earnings report as a public company. Here's what to look for. CBS News
- SpaceX's first results put Musk's AI spending under Wall Street microscope Reuters
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