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SpaceX's AI Spending Worries Investors
SpaceX's recent financial report has raised alarms among investors as the company revealed a staggering $18.4 billion in capital expenditures for Q2 2026, largely attributed to its aggressive investments in artificial intelligence. Despite nearly doubling its revenue to $7.8 billion, SpaceX also reported a $2 billion net loss and significant operational losses from its AI unit, totaling $3.73 billion in the first half of the year.
Key points
SpaceX's capital expenditures increased over sixfold to $18.4 billion in Q2 2026.
CFO Bret Johnsen announced $6.7 billion in contracted cloud services revenue for the current quarter.
The company's stock fell nearly 9% in after-hours trading following the earnings report.