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SpaceX’s stock falls as Wall Street gets spooked by the extent of AI spending
Morgan Stanley expects $64 billion in capital spending from SpaceX this year, as the company is dramatically ramping up AI investments.
AI Summary
The recent decline in SpaceX's stock can be attributed to concerns on Wall Street regarding the company's substantial investments in artificial intelligence. Market analysts are scrutinizing SpaceX's capital spending, with Morgan Stanley predicting $64 billion in expenditures this year.
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