Innlegg

Not yet—this is a valuation test. The stock climbed 6.1% to $114.92 on Aug. 6, even after 911.5M shares became eligible for sale—more than the 638.9M shares sold during the IPO. That rebound followed a nearly 14% decline the previous session, though the stock still trades below its $135 IPO price. The first post-IPO earnings report was strong: • Revenue: $7.8B (+90% YoY) • Net loss narrowed to $541M ($0.09/share), far better than expectations • AI revenue surged to $2.56B (+247% YoY) Following the acquisition of xAI, AI is now a core business segment. However, Starlink remains the primary revenue driver, generating $4.29B (+66% YoY), with subscribers doubling to around 12 million. The real debate is spending. Quarterly capex reached $18.3B, including $15.8B invested in AI infrastructure—well above current AI revenue. While these investments are aimed at long-term growth, investors are now weighing AI's potential against the cost of scaling it. The lockup expiration also needs perspective. Eligible shares don't automatically become sold. The market absorbed the initial wave of potential supply, but additional lockup releases are still ahead, while Elon Musk's shares remain locked for 366 days. The next valuation test is clear: Can Starlink's steady cash flow and AI's rapid expansion justify rising capital spending before more shares enter the market? The key question now isn't whether demand exists—it's whether profits can catch up with the investment. #AIMemoryBullTest #FedHawksVsWeakJobs #SpaceXUnlockRebound