SpaceX builds and flies reusable rockets, runs the Starlink satellite network, and is now pushing heavily into AI infrastructure, including data centres in orbit.

The first earnings since the June IPO beat on revenue and came in with a smaller loss than expected, but capital expenditure exploded to more than six times last year's level, most of it going into AI, and the stock sold off anyway.

From a technical standpoint there is nothing here. Even for the guys drawing lines all over it, those lines do not mean anything on a chart with this little history. One breakout is not going to hand you the price you are looking for hahah.

I am talking about trading it, not investing in it. Two different games.


🔴 Stay out of it.

Feel free to check my NBIS and PLTR ideas, where there is an actual trade to look for.




⚠️ Disclaimer: This is my own opinion and my own trades, not financial advice.

#SPCX #SpaceX #Stocks #IPO #Starlink #AI #TechnicalAnalysis #PriceAction #TradingView #NASDAQ