SpaceX shares plunge 13% as AI spending overshadows earnings beat; down over 50% from post-listing peak
SpaceX shares dropped 13% to $109.21, despite exceeding revenue expectations. Investors focused on increased AI spending, totaling $18.4 billion, significantly impacting cash flow. The AI segment generated $2.6 billion but faced a $1.26 billion loss. SPAC's stock is now down 40% since its IPO.
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