11 min agoSpaceX Stock Dives on AI Spending FearsSpaceX stock was dropping sharply on Wednesday, as a better-than-expected inaugural earnings report wasn't enough to ease investors' fears about the rocket company's artificial-intelligence spending plans.Shares fell 10.6% to $111.99 ahead of the opening bell. Futures tracking the S&P 500 were 0.2% higher, a day after the benchmark index notched its first record closing high in more than two months.SpaceX's sales and earnings before interest, taxes, depreciation, and amortization (Ebitda) both beat analysts' targets, but higher-than-expected capital expenditures overshadowed the second-quarter beat.
SpaceX Stock Dives on AI Spending Fears
SpaceX stock was dropping sharply on Wednesday, as a better-than-expected inaugural earnings report wasn't enough to ease investors' fears about the rocket company's artificial-intelligence spending plans. Shares fell 10.6% to $111.99 ahead of the opening bell. Futures tracking the S&P 500 were 0.2
TL;DRAI
SpaceX's Q2 beat on sales and EBITDA couldn't offset investor concerns over capex growth and AI spending, sending shares down 10.6%. The market now demands clearer ROI narratives on infrastructure capex; AI buildout is seen as a runaway cost driver without proven returns.
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