The Chonkerton

SpaceX dives 12% after AI spending surge rattles investors

business

SpaceX stock fell twelve percent amid investor concerns over the company's artificial intelligence spending surge. CNBC reports CEO Elon Musk announced SpaceX would reach one trillion dollars in annual revenue by twenty thirty, one year ahead of prior guidance.

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

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