SpaceX Shares Slide on Heels of First Quarterly Report The latest quarterly report from Elon Musk's SpaceX has sent shockwaves through the tech sector, with shares plummeting by over 13% in a single day.
The reason behind this sudden drop is not surprising: investors are questioning whether SpaceX's massive investments in artificial intelligence infrastructure will yield tangible returns. At $18.
37 billion, the six fold increase in capital expenditure has left many analysts scratching their heads.