AI Power Stocks Just Fell 6.3% to 9.3% on Financing Fears. SpaceX Just Said New Compute Pays Back in Under a Year.
Key PointsSpaceX’s CFO said new compute deployments pay back in less than a year, with pricing slightly above the high end of last quarter’s range.
During its October 20 third-quarter earnings call, SpaceX reported that new compute investments are paying for themselves in less than a year. The company's CFO noted that pricing for these deployments is currently tracking slightly above the high end of the $30-$50 per-watt range discussed in the previous quarter. Management also indicated strong customer interest in compute capacity.
This performance comes as other companies face market caution. According to the Motley Fool, GE Vernova recently fell as much as 9.3% following analyst target cuts and a $9 billion acquisition that was partly debt-funded. Additionally, Bloom Energy saw a 6.3% drop following negative free cash flow last quarter, despite the company achieving record revenue.
Brief written by urgent.news from Nasdaq Markets, Motley Fool — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
