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⬤ HIGH 05 Aug 2026, 13:56 UTC

SpaceX shares slump 12% as AI spending worries overshadow early returns

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.
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