Analyst Cuts SpaceX Stock Price Target to $140 Amid AI Spending Jitters

The SpaceX stock (SPCX) price has continued to stay in the red, falling more than 11% in the pre-market trading session today. The dip comes despite the firm reporting its first earnings results, which exceed Wall Street estimates, sparking discussions among traders. Notably, it seems that the investors’ concerns stem from the huge AI spending