SpaceX earnings lift AI infrastructure trade as CoreWeave ripples ease

SpaceX posted record quarterly results, with Elon Musk $TSLA signaling potential revenue targets of $500 billion annually by 2027. The company's profitability shock has rippled through the neocloud sector, as investors recalibrate AI infrastructure demands and excess capacity risks.

Mizuho raised SpaceX's stock price target to $205 on strong results. Analysts now see consolidation among smaller neocloudOperators, with JPMorgan flagging strategic logic in a potential SpaceX-Tesla merger, though fundamental structural challenges persist. #technology #ai #capital_markets