SpaceX stock slides as AI spend spikes capex and raises growth questions
TL;DR Summary
SpaceX’s stock fell about 10% in premarket trading after quarterly capex jumped sixfold to $18.4 billion, largely for AI compute; Elon Musk raised the 2030 revenue target to $1 trillion, but investors remain wary of the pace and profitability of the investments. CFO Bret Johnsen said AI spending is efficient with a payback under a year as SpaceX positions itself as a cloud provider using Nvidia chips, even as the stock trades below its IPO price.
- SpaceX dives 10% after AI spending surge rattles investors CNBC
- Stock Market Today: Stock Futures Tick Up, SpaceX Stock Slips Off-Hours — Live Updates WSJ
- SpaceX’s AI Splurge Puts a Damper on Debut Earnings After IPO Bloomberg.com
- SpaceX posts loss of $541 million in first report since record-setting IPO The Washington Post
- SpaceX posts smaller-than-expected loss despite scrutiny over AI spending Yahoo Finance UK
Reading Insights
Total Reads
1
Unique Readers
6
Time Saved
2 min
vs 3 min read
Condensed
84%
463 → 76 words
Want the full story? Read the original article
Read on CNBC