SpaceX Stock CRASHES 10%! Elon’s $15.8 BILLION AI Bet Explained NOW!
Did you know SpaceX's AI spending nearly doubled in a single quarter? Despite outperforming revenue and EBITDA estimates in its first public second-quarter report, SpaceX stock plummeted nearly 10% after its massive capital expenditures on AI raised significant concerns about future returns. The company reported a staggering $15.8 billion spent on AI, much higher than expected, alongside projections of nearly $200 billion in capex for 2027 and 2028, which could pressure free cash flow. However, CEO Elon Musk remains optimistic, projecting annual revenue could hit $100 billion this year, boosted by a new partnership with Nvidia for in-orbit computing. Yet, an impending lockup expiration, set to release hundreds of millions of insider shares, threatens to add further pressure to the stock. Subscribe to our channel for more deep dives into market-moving news like this!
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