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SpaceX revenue jumps 92% but stock tumbles as investors weigh AI spending

General Idaho Archived August 4, 2026
By Allison Morrow, CNN New York (CNN) — SpaceX first earnings report as a public company blew past expectations. But it continued to burn through cash in pursuit of CEO Elon Musk’s vision for an AI-powered, Mars-colonizing future, putting investors on edge and sending SpaceX shares down in late trading. The newly public satellite, space
Source: Local News 8 (KIFI) | https://localnews8.com/feed/ - Read Original

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