SpaceX Stock Hits All-Time Low Amid Q2 AI Capex Surge
SpaceX reported second quarter revenue of $7.8 billion, beating Bloomberg consensus estimates of $6.81 billion, in its first financial report as a public company. Despite the revenue beat and an adjusted EBITDA of $3.5 billion—surpassing the $2.0 billion expected—the stock hit a new all-time closing low, dropping 13.6% on Wednesday due to surging AI capital … Read more