๐ SpaceX First-Ever Earnings: $7.8B Revenue Beat, Stock Drops 8% on $18.4B AI Capex
SpaceX reported Q2 revenue of $7.81 billion โ up 92% year-over-year โ easily topping estimates in its debut earnings report as a public company. But the stock fell about 8% after-hours after capital expenditures hit $18.37 billion, with roughly $15.83 billion going to its xAI AI buildout. Executives claim the investment pays back within a year. Are investors right to be nervous, or is this just the early AWS spending moment all over again? Not financial advice.
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