While there are several reasons for this surge, peaks and troughs, booms and busts are an integral part of the stock market saga – much like the waves of the sea, which incessantly rise and fall. Hence, there could be an element of “irrational exuberance”, “froth” and “bubble”.
SpaceX Q3 revenue soars 161% YoY on AI business growth, beating estimates
Elon Musk’s SpaceX on Tuesday reported a 161% rise in revenue for the third quarter, beating estimates, buoyed by a surge in its AI business