SpaceX Shares Plunge 13% as AI Spending Overshadows Earnings Beat

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technology

5 August 2026 at 10:04 pm

SpaceX Shares Plunge 13% as AI Spending Overshadows Earnings Beat

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Summary

SpaceX shares dropped 13% to $109.21 despite exceeding revenue expectations, as investor focus shifted to increased AI spending totaling $18.4 billion, which significantly impacted cash flow.

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