Economic TimesLean R·
SpaceX shares tumble 12%, fall below IPO price as AI spending concerns mount
SpaceX has demonstrated accelerated returns on its AI investments, though investors express concerns regarding future funding for data centers. Following its IPO, the company's stock saw a significant drop. Despite this, AI revenue surged over threefold, and new cloud agreements were announced. The capital invested in AI is still high, promising returns in under a year.
Read at Economic Times →

