SpaceX shares fell almost 14 per cent a day after the company released its first quarterly results since going public and a four-tonne chunk of its hardware roughly the size of a school bus smashed into the Moon.

SpaceX shares are down by half from their June peak as investors worry Musk may have oversold them on its future prospects.

SpaceX reported results that beat forecasts for revenue, AI losses and Starlink subscriber growth. Read more at straitstimes.com. Read more at straitstimes.com.