5 August 2026 at 9:52 am
Summary
SpaceX's stock slid over 5% after its debut earnings report despite better-than-expected revenue growth, as investors reacted to higher-than-anticipated capital expenditures, particularly in AI compute infrastructure. CEO Elon Musk, however, maintained an optimistic outlook, reiterating a $1 trillion revenue target by 2030 and emphasizing Starlink's potential to dominate global internet connectivity.
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