Quick Read – Where Are The Robots? – Car Sales Struggle – Focus Is On SpaceX – The analyst who called NVIDIA in 2010 just named his top 10 stocks and Ford wasn’t one of them.
In the shadow of the massive SpaceX IPO, the stock of Elon Musk’s other big company is struggling. SpaceX could debut with a $2 trillion market cap as it raises $80 billion. It will need the money.
The SpaceX loss in the first quarter was $4.3 billion against $4.69 billion in revenue. The loss was because of Musk’s AI ambitions. The AI division lost $2.5 billion.