AICNBC Techabout 2 hours ago
SpaceX dives 9% on AI spending surge
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SpaceX shares fell 9% Wednesday after capital expenditures jumped sixfold to $18.4 billion in Q2, mostly on AI. The stock closed at $125, below its $135 IPO price. CFO Bret Johnsen cited under one-year payback on AI compute. Musk forecast $1 trillion revenue by 2030.
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