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Earnings Special: SpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPO | Bloomberg...
Posted
August 5, 2026
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August 5, 2026
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19:41Now PlayingSpaceX stock fell after the company disclosed higher-than-expected spending on its artificial intelligence business, dampening an inaugural quarterly report that broadly surpassed Wall Street forecasts. Shares of Elon Musk’s rocket, satellite and AI conglomerate tumbled as much as 8.8% in US postmarket trading after it said capital spending jumped to about $18.4 billion in the second quarter.
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