Wall Street mixed as SpaceX, AMD fall while Dow and S&P 500 rise on peace hopes and Fed rate bets

Wall Street mixed as SpaceX, AMD fall while Dow and S&P 500 rise on peace hopes and Fed rate bets

SpaceX revenue doubled post-IPO, but shares dropped 10% as executives warned of sustained heavy spending on Starlink and AI data center buildout. For tech leaders, the decline despite strong financials reflects execution risk on satellite infrastructure and AI capex, while AMD's 8% fall signals profit-taking as Fed rate risks mount.