SpaceX AI Spending Sparks Buy Rating | Durham News

SpaceX’s first earnings report sent Wall Street into a tailspin—thanks to massive AI spending—but Argus Research flipped the script, upgrading the stock to “Buy” with a $160 price target. The key? SpaceX’s finance chief revealed AI investments are already paying off in under a year, backed by huge cloud contracts. Meanwhile, Starlink revenue surged 92% YoY, now profitable and on track for $100B annual revenue by 2026. Argus sees long-term upside—if AI keeps growing, becomes profitable, and share sell-offs ease. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b7c3ad680739daf3