The Chonkerton

SpaceX dives 10% after AI spending surge rattles investors

business

SpaceX stock fell ten percent following investor concerns about the company's artificial intelligence spending surge. CEO Elon Musk announced the company would reach one trillion dollars in annual revenue by twenty thirty, a year earlier than previously forecasted, according to CNBC.

Source: https://www.cnbc.com/2026/08/05/spacex-spcx-stock-today-e...

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