SpaceX slides as AI spending worries overshadow early returns

Aug 5 : SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company.But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips.The company's shares fell 9 per cent in premarket trading on Wednesday, dropping well below their $135 IPO price in less than two months since the company's blockbuster debut.SpaceX reported AI revenue that more than tripled from a year earlier and disclosed several new cloud computing agreements, even as quarterly capital spending on AI climbed to $15.8 billion. Chief Financial Officer Bret Johnsen said the economics of those investments were improving rapidly, but also signaled that AI spending would remain e