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SpaceX stock has seen a recent surge, but 5-star analyst Glenn Thum has issued a stark warning, predicting a drop to $75 per share—46% below current levels. This article explores the implications of Thum's bearish stance against a backdrop of rising AI revenues, heavy capital expenditures, and the potential risks tied to SpaceX's business model. ## BODY: ### Introduction: A Roller Coaster Ride for SpaceX Investors SpaceX has become a household name, thanks to its ambitious goals and groundbre