SpaceX stock falls 12% as AI spending surge rattles investors and massive share unlock looms
business
Per CNBC, SpaceX stock fell twelve percent as investor concerns about artificial intelligence spending and an upcoming share unlock weighed on the market. CEO Elon Musk responded with a more bullish outlook, projecting SpaceX would hit one trillion dollars in annual revenue by twenty thirty, a year earlier than previously forecast.
Source: https://www.cnbc.com/2026/08/05/spacex-spcx-stock-today-e...
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