SpaceX’s public debut has plenty of buzz, but the core business still looks like a costly, hardware-heavy operator where profits may stay slim. Starlink growth and government work could help, yet competition, regulation, and the uncertain payoff from ties to xAI could keep expectations in check.Read more

Key Takeaways BDC conversion and sector shifts will significantly broaden AFC's lending capacity, diversification, and revenue growth opportunities, including outside traditional cannabis markets. Global legalization trends and investor appetite for yield will boost AFC's funding access, margins, and asset management scale, supporting substantial long-term earnings potential.Read more