SpaceX shares tumble 7pc as AI spending soars to $18.4bn

Following SpaceX’s first-ever earnings report Tuesday, shares dropped 8% in postmarket trading largely due to concerns over capital spending on AI infrastructure — just like nearly every other company that Wall Street and investors have been grilling over their tech spending.SpaceX spent $18.4 billion in the second qua

Elon Musk’s rocket company said its capital expenditures jumped nearly seven times from a year ago. Revenue also rose.

The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing.

The US stock market jumped to records as companies kept piling up profits and oil prices eased, while SpaceX released its first set of earnings since listing.

SpaceX revenue jumps 92% but stock tumbles as investors weigh AI spending  CNN

U.S. markets were poised to open with gains and oil prices fell sharply after President Donald Trump said he would order U.S. forces to refrain from attacks against Iran and that a deal to end the fighting was near