SpaceX shares fall amid AI concerns
Shares of SpaceX fell by 10.68% in pre-market trading following the announcement of strong second-quarter 2026 earnings. Despite this, concerns were raised by the level of spending on artificial intelligence, which increased sixfold compared to last year and exceeded $18.4 billion, with AI investments accounting for the largest share. The company stated that its revenue rose by 92% to $7.8 billion, while net losses were reduced to $541 million. Meanwhile, Elon Musk is focused on achieving $1 trillion in revenue by 2030. The lifting of the insider share sale ban is expected to lead to potential fluctuations in the stock price.
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