SpaceX posts 92% revenue surge, but stock tumbles 7% in after-hours. Here's why

SpaceX reported a strong debut quarterly performance as a public company, with revenue surging 92% year-on-year to $7.8 billion in the April–June quarter, driven by robust growth in its Starlink and AI businesses. Despite the strong earnings, the stock fell in after-hours trading as investors reacted to a sharp rise in capital expenditure and concerns over upcoming IPO lock-up expirations.

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