Nick Prince, an AI developer within the Base ecosystem, utilized his AI platform, agentic.market, to produce an investment memo on SpaceX, revealing financial discrepancies not widely reported. The memo highlights that SpaceX's actual long-term debt is approximately $42 billion, contrary to the reported $29.1 billion, due to a $20 billion bridge loan for the xAI acquisition. Additionally, SpaceX has significant commitments, including a $19.6 billion EchoStar spectrum commitment. The report also indicates that SpaceX's management inflated the 2025 financial statements by $9 billion under "Adjusted EBITDA" by excluding depreciation and stock-based compensation. This analysis was completed in 12 minutes at a cost of $1.87 using the x402 protocol.