Category: Markets
Published: 2026-06-22T14:15:00.000Z
Despite SpaceX's historic IPO and stock gains, the author identifies four concerns: an inflated $28.5 trillion TAM claim with 93% from unproven AI division, the struggling xAI/Grok division burning $1 billion monthly with declining subscriber counts, non-durable compute deals with 90-day exit clauses, and unprecedented governance issues with Musk controlling 85% voting power while shareholders face arbitration-only disputes and limited proposal rights.
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