SpaceX Shares Fall as AI Spending Surges to $28.5 Billion Despite Strong Inaugural Earnings

SpaceX shares fall after the company reveals a staggering $28.5 billion in AI capital expenditures in the first half of 2026, more than four times last year's spending, alarming investors despite strong inaugural earnings that beat Wall Street expectations.

• SpaceX shares fall after the company reveals higher-than-expected spending on its artificial intelligence business, despite posting inaugural earnings that broadly beat Wall Street estimates.
• Capital expenditures surge to $28.5 billion in the first half of 2026, more than four times the spending from a year earlier, raising concerns among investors.
• The massive AI spending nearly matches the record-breaking amount raised during SpaceX's historic IPO in June, signaling an aggressive push into artificial intelligence infrastructure.