An analysis highlighted that despite strong revenue growth, SpaceX's Q2 AI capital expenditure reached $15.8 billion, more than doubling quarter-over-quarter and exceeding its other operating segments combined. The company's $60 billion all-stock acquisition of AI startup Cursor is also expected to dilute existing shareholders. Furthermore, the analysis noted the company's lockup expiration date on August 6, which could lead to insider share sales. With a market cap of $1.5 trillion and a price-to-sales ratio of 73.4, the valuation is considered unreasonable, suggesting potential for further stock decline despite long-term prospects.