[SpaceX's $100B spaceport plan is raising eyebrows on where the funding comes from.](https://www.marketwatch.com/story/spacexs-100-billion-spaceport-plan-has-investors-asking-where-all-the-money-is-coming-from-7395bc51?mod=mw_rss_topstories) That's not a bullish sign — it's a capital constraint. The real story: $1T+ of venture dry powder has been redirected into AI infrastructure (data centers, chips, software). Aerospace capex is being crowded out.