SpaceX slides as AI spending worries overshadow early returns
The company’s AI revenue more than tripled to $2.6 billion, but investors focused on $18.4 billion in quarterly capital spending and a wider share overhang.
- SpaceX reported a 92% revenue increase to $7.81 billion and a $541 million loss in Q2, beating profit expectations despite investor concerns over heavy AI spending.
- Capital expenditures surged sixfold to $18.4 billion in Q2, with $15.83 billion devoted to AI infrastructure and partnerships with Nvidia,.
- SpaceX plans to build AI data centers using Nvidia chips and aims for significant revenue growth by 2030 alongside expanding its Starlink unit with mobile services competing against major telecom firms,.
- Shares fell about 10% due to concerns over AI spending and lock-up periods ending for 911.5 million shares, allowing more sales,,.
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55 Articles
Conservative Review
ussanews.comThe rockets are still blowing up. So why is Elon laughing on his SpaceX earnings call?
Some rockets go up. Some come back down. And some, well, blow up. At a glance, it's business as usual for SpaceX, and it comes at a cost: a net loss of $541 million in the second quarter of this year. Market jitters about the company's enormous AI spend, in a crowded field with deep-pocketed competitors, pushed its stock down around 10%, enough to fuel jeers from Elon Musk's sizable audience of haters and skeptics.'They desperately want to blow …
SpaceX's shares fell by more than 10% after the opening of Wall Street, after the company's spending on AI was known.
The company shoots 92% of its revenues and reduces its losses but insists that it will continue investing in chips and data centers until it shoots its capacity from two to 10 gigawatts in 2027 Read
SpaceX has exceeded Wall Street's sales expectations in its three divisions Space, Satellite Internet and AI. However, stock market expert Markus Koch explains in the video what is still burdening the share price.
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