SpaceX Shares Fall After First Earnings Results Amid AI Capex Burden

1. 1SpaceX (SPCX) shares declined after the company's first earnings report since going public, giving back the prior session's gains.
2. 2Revenue rose 92%, and EPS and EBITDA beat forecasts, but Q2 spending came in at roughly $18.4 billion, while AI capex ran at about double expectations.
3. 3Analysts cited concerns over AI capex that exceeded estimates and the lifting of the stock sale restriction scheduled for tomorrow as the key drivers of the decline.

Source Yahoo Finance Video +1 · View original ↗

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