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The surge in AI infrastructure spending that has realigned technology budgets across global markets is now reaching into space-sector valuations.
SpaceX shares fell 12 percent as investors weighed a looming share unlock alongside a revised revenue target from chief executive Elon Musk, who said the company now expects one trillion dollars in annual revenue by 2030, a year earlier than his previous forecast of 2031.
Musk lifts the revenue timeline Musk's decision to pull forward the one trillion dollar revenue goal from 2031 to 2030 was, by his own framing, an attempt to strike a bullish tone with investors.
The 12 percent decline points to near-term concerns that a revised long-run revenue projection did not address.
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