Analysis-SpaceX’s orbital data centers could face same hurdles as Microsoft’s abandoned undersea project

The negative comparison to Microsoft’s "Project Natick"—an abandoned underwater data center initiative—serves as a cautionary fundamental narrative that clashes with the recent bullish momentum surrounding MSFT’s regional AI infrastructure expansions in SE Asia. While sentiment remains broadly optimistic due to cloud growth, this article highlights persistent capital expenditure (CapEx) risks that are already reflected in the stock’s MACD divergence and RSI of 39.17, suggesting the market is in a digestion phase rather than a breakout. Fundamentally, MSFT’s 10-Q filings emphasize massive AI-driven infrastructure outlays, making the "Natick" reminder a tangible risk factor for margin compression if these speculative satellite/edge projects fail to monetize. Technically, the stock is struggling near the $370 level; a failure to hold this support against the backdrop of cooling sentiment could trigger a retreat toward the $360 technical floor, where volume vacuum analysis indicates thin support. Traders should treat this as a signal to tighten stop-losses, as the confluence of high CapEx narratives and a neutral RSI suggests the stock lacks the immediate momentum to clear overhead resistance until fiscal efficiency metrics improve in upcoming quarterly reports.