SpaceX Stock Surge Amid AI Risks | Durham News

SpaceX stock surges past $140 as Nvidia and Alphabet pour billions into the company, fueling Wall Street’s bullish outlook—with price targets predicting over 60% upside. But a top analyst at Phillip Securities warns of a potential 46% drop, citing risky short-term AI contracts and massive capital spending that may not translate into sustainable revenue. While AI revenue exploded 247%, its reliance on volatile, easily cancellable deals—and one customer accounting for nearly 20% of Q2 sales—raises red flags. Thum’s track record makes his bearish stance hard to ignore, challenging investors to question whether SpaceX’s AI boom is real or just hype. 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/0168226f1e0e5945