Why are SpaceX’s shares tanking? What you need to know

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleSpaceX founder Elon Musk (Reuters)SpaceX's share price is projected to fall by over 11 per cent following the release of its first financial report, despite a recent resurgence. The company, which went public on 12 June, reported beating revenue expectations but revealed significantly higher-than-anticipated expenditure on artificial intelligence development. Investors are concerned by a sixfold increase in capital expenditure, reaching $18.37bn, which is outpacing revenue growth and could strain the company's cash flow despite a recent IPO. Analysts suggest that while SpaceX's space-based internet business, Starlink, generates most of its current income, the company's future direction appears to be heavily focused on AI infrastructure. Further volatility is expected due to upcoming lock-up expiries, which will allow early investors to sell shares, potentially driving the price down further. In fullThe real reason SpaceX shares are tanking after out-of-control rocket smashes into moonMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Raccontata dabarrons.comindependent.co.ukedition.cnn.comaxios.comfrance24.comstraitstimes.comforbes.comgizmodo.comtheage.com.ausiliconrepublic.comcnbc.comthisismoney.co.uk+3 altre