Al Jazeera·3 min read·medium
SpaceX shares slide on the heels of first quarterly report
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Al Jazeera
✦AI Summary
SpaceX shares dropped over 13% following its first quarterly earnings report as a public company, driven by investor concerns over massive capital expenditure on AI infrastructure. While the company is investing heavily in data centers, analysts are questioning the timeline for returns on these AI-focused investments.
The stock was down more than 13 percent as investors were spooked by the company’s heavy investments.
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