SpaceX Shares Drop 7.5% After AI Capex Surges to $18.4 Billion
SpaceX’s Q2 capital expenditures more than doubled sales, spooking investors despite executives’ claims of sub-one-year payback on AI spending. SpaceX reported second-quarter revenue surged 92% year-over-year, exceeding estimates, but capital expenditures soared to $18.4 b