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SpaceX shares sink after first earnings report reveals huge AI spending plans

SpaceX shares fell nearly 9% following their first earnings report, revealing a net loss of $143 million this quarter. The company also announced a massive surge in AI spending, reaching $18.3 billion, but Elon Musk remains optimistic about...

BBC News· Aug 5, 2026 · 11:15 AM · 35 views

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SpaceX shares fell nearly 9% following their first earnings report, revealing a net loss of $143 million this quarter. The company also announced a massive surge in AI spending, reaching $18.3 billion, but Elon Musk remains optimistic about hitting $1 trillion in revenue by 2030.

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