The Damage Report
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Elon Musk Plan COLLAPSES As SpaceX Stock Plunges After Investors Sent Into Panic
Posted
August 5, 2026
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8:15
6:43Now PlayingElon Musk's plan to excite investors during a first earnings call collapses as shares sink again after investors didn't fall for his wild predictions and were instead sent into panic when colossal SpaceX spending plans were revealed. John Iadarola and Sharon Reed break it down on The Damage Report. Leave a comment with your thoughts below!
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SpaceX stock falls 13% as AI spending surge rattles investors and massive share unlock looms
"SpaceX shares sank 13.6% on Wednesday after a surge in artificial intelligence spending rattled investors and clouded an otherwise expectation-beating quarter.
In SpaceX’s first earnings report as a public company on Tuesday, Elon Musk’s space firm said its capital expenditures jumped sixfold to $18.4 billion in the second quarter. This figure was ahead of analyst expectations, with the majority of the spending going toward AI.
The company’s stock closed at just over $125 on Tuesday, sitting below its $135 initial public offering price. It is well off its more than $200 all-time high that was hit shortly after it began trading on June 12."
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260805__DR07SpaceX
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