The SpaceX Bubble: A Glimpse into the Fragile Future of AI Companies The recent market volatility surrounding Elon Musk's SpaceX has been a stark reminder of the fragile nature of the AI industry's business model.
With its market valuation plummeting by over 22% in just a few weeks, SpaceX is not alone in facing significant losses. The "magnificent seven" tech giants are also experiencing substantial declines.
Investors have been valuing these companies based on their speculative potential rather than their current earnings.