SpaceX stock price drops 11% due to AI expenditures reaching $15.8 billion
2026-08-06 00:18:13
According to CoinMeta, the stock price of SpaceX fell by 11% on Wednesday due to a record $15.8 billion in investment by AI. The company's revenue for the second quarter was $7.8 billion, exceeding Wall Street's forecast of $6.8 billion and representing a year-on-year increase of 92%. Although Starlink remains the main source of financial revenue, with satellite connection business growing by 66%, investors are concerned about the funds spent by SpaceX to achieve this growth. Total capital expenditure exceeded $18 billion, of which $15.83 billion was used for AI infrastructure, a significant increase from $7.49 million in the same period last year. Despite the report showing strong financial performance, analysts still have concerns about future expenditures and equity dilution.
Source:Cryptonews
This content is for market information only and does not constitute investment advice.
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