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SpaceX shares drop more than 12% in early trading on AI investment burden

WSJ +2 ·

SPCX Space Exploration Technologies Corp
$126.06 +10.07%
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  1. 1SpaceX (SPCX) shares fall more than 12% in early Wednesday trading
  2. 2Q2 revenue of $7.81B beats expectations; capex of $18.36B includes roughly $15.8B for AI
  3. 3Sharp deficit in first-half free cash flow; solid results fail to ease investor concerns over scale of AI spending

This 3-line summary is compiled from the report below.

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