Most plants, orchids included, sacrifice flowers for longevity. They blast the flowers in order to save their vegetative selves. They don't flower as a last gasp. Cutting the spike is good practice if you know the plant is stressed. But this plant has new leaves (two to a flowering) and new roots. I'd let this flower but make sure you give it water and feed it. Keep it warm (70f+) and if you can, give it a little breeze from a small fan. Just like the big commercial growers do when producing these big phals and flower spikes.
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