Western Digital Earnings Fail to Get Stock Back on Track

SpaceX (SPCX) faces a timeline question in wireless, as Citi sees the company launching national wireless service no earlier than 2029, according to Barron's.

The reported interest in 80,000 cell sites is what complicates that outlook. Citi's 2029 floor sits uneasily next to an infrastructure appetite of that size, and the tension between the two is the story. Interpretation: a buildout footprint that large could imply more urgency than a 2029 start suggests, but the source does not say which view is correct, and the gap between them is what traders are left to price.

The Citi call sets a clear marker. "No earlier than 2029" is a floor, not a forecast of launch, so any evidence of faster progress would read as upside to that benchmark, while slippage past 2029 would validate the skeptical case.

Separately, Barron's notes that Western Digital delivered the quarterly results it needed, handily beating expectations for its fiscal first-quarter earnings. The headline framing, however, is that the beat failed to get the stock back on track, a reminder that a clean earnings beat does not automatically translate into price recovery. That reaction is worth filing as a read on how selective the market is being with results.