Business · 5 August 2026

SpaceX shares fall 10% after huge AI spending rattles investors

SpaceX's stock dropped sharply on Wednesday as a massive increase in spending on artificial intelligence concerned its investors. The space company spent $18.4 billion on capital expenditures in the second quarter, a sixfold increase, primarily due to AI. While its chief financial officer, Bret Johnsen, said the company is efficient, investors worry about returns from these investments.

By BriefTea Editorial · 5 August 2026 at 10:27

Reported by CNBC · How we write briefs

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