Shares in Elon Musk’s firm plummeted after he announced blockbuster spending on AI

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…

SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered,…