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Jun 11, 2026 · bearish
(https://www.cnbc.com/2026/06/11/pimco-is-warning-about-a-spike-in-defaults-how-to-position-portfolios.html) while (https://www.cnbc.com/2026/06/11/spacex-investors-reap-rewards-1-8-trillion-valuation.html). The contradiction is loud if you're listening. SpaceX has never been profitable—it runs on venture capital and customer prepayments.

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