SpaceX dives 9% after AI spending surge rattles investors
CNBC Technologyen

CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.
This is a short summary published by AI Global Wire. The full article is owned and hosted by CNBC Technology — open it there to read it in full.
Read the full story at CNBC TechnologyRelated AI news
- AMD plummets 8% in premarket trading despite beating expectationsCNBC Technology · August 5, 2026
- SpaceX dives 10% after AI spending surge rattles investorsCNBC Technology · August 5, 2026
- SoftBank jumps 13% as Asia tech stocks track Wall Street AI rallyCNBC Technology · August 5, 2026
- SpaceX's AI spending unnerves Wall Street despite promises of quick payoffCNBC Technology · August 5, 2026
- SoftBank jumps 10% as Asia tech stocks track Wall Street AI rallyCNBC Technology · August 5, 2026
- SpaceX earnings takeaways: Soaring AI costs outweigh revenue beat in first report since IPOCNBC Technology · August 5, 2026