🔴 SpaceX Plunges 9.1% After Earnings Amid Soaring AI Capex and Lockup Expiry Concerns

SpaceX is trading 9.1% down at $113.98 in pre-market, retracting after its August 4 earnings.

• While Q2 revenue surged 92% year-over-year to $7.8 billion, driven by Starlink and AI, the company reported a net loss of $541 million.
• The decline is primarily attributed to concerns over massive $18.4 billion capital expenditures for AI and Starship development, along with a looming lockup expiry.