Performance Beats Expectations but Can't Withstand the AI Cash Burn! SpaceX (SPCX.US) Q2 Capital Expenditure Surges to $18.4 Billion, Market Value Plunges by Over $10 Billion After Hours

JitTong Finance APP has noted that after SpaceX (SPCX.US) disclosed its artificial intelligence business spending was higher than expected, the company’s share price fell, casting a shadow over an otherwise better-than-Wall-Street-expected first earnings report. The financial report shows that SpaceX’s revenue for the quarter reached $7.8 billion, a year-on-year increase of 90.2%, exceeding expectations by $980 million; the loss per share was $0.09, lower than analysts’ forecasted loss of $0.24 per share.