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Stock Price Drop Does Not Change Wall Street’s Bullish Expectations

Stock Price Drop Does Not Change Wall Street’s Bullish Expectations

TradingKey – According to The Wall Street Journal, SpaceX ( SPCX) is in talks with the U.S. Department of Defense to sell computing power. The deal could be valued at billions of dollars and, if finalized, would become the latest major infrastructure deal for Elon Musk’s rocket, satellite, and artificial intelligence conglomerate.

The report noted that the partnership model for this deal is similar to previous agreements SpaceX reached with Alphabet’s Google ( GOOGL) and AI company Anthropic. The negotiations come as the U.S. military seeks to build data centers on its military bases to enhance its computing autonomy.

Stock Price Volatility Doesn’t Change Wall Street’s Bullish Expectations

SpaceX shares once surged after completing its…

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