SpaceX Caught in a ‘Capex Tug of War’ — Dan Ives Says Investors Are ‘Buying Musk, Buying the Vision’
Dan Ives says investors may be overreacting to higher-than-expected capex spending by SpaceX.
SpaceX is spending a lot of money building stuff, which worried some people, but an expert thinks investors still believe in what Elon Musk is trying to do. When a company spends big money on its future, watch whether it's actually creating things that work and make money later.
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