The Chonkerton

SpaceX dives 11% after AI spending surge rattles investors

business

SpaceX stock fell eleven percent as investors fretted over the company's artificial intelligence spending surge. CNBC reports CEO Elon Musk responded with an accelerated forecast: SpaceX would reach one trillion dollars in annual revenue by twenty thirty, moving the target up a full year from the previously projected twenty thirty-one.

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

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