SpaceX Market Cap Drops $130B Overnight After $15.8B AI Spending Spree in Q2
智东西 · wechat · 2026-08-05
SpaceX released its earnings report showing a 92% surge in Q2 revenue to $7.8 billion, with AI business revenue up 247% year-over-year. However, Elon Musk's AI capital expenditure skyrocketed by 2013% to $15.83 billion, causing significant market concern over ROI.
Following the report, SpaceX's stock fell about 8% in after-hours trading, wiping out approximately $130 billion in market cap. Musk revealed plans to build over 2 gigawatts of computing power this year using entirely Nvidia hardware, reaching nearly 10 gigawatts by next year. Upcoming stock lock-up expirations further fueled investor anxiety.
More from Venture
- Palantir Solves Enterprise AI Context Problem with Zero Customer Churn, Analyst Says — eliano · 2026-08-05
- US Chip Export Controls Backfire: Samsung and SK Hynix Turn to Chinese Toolmakers — kevinsxu · 2026-08-05
- X Creator Payouts Now Easier to Monetize Than Micro SaaS — petergyang · 2026-08-05
- Polymarket Indicates 16% Chance of AI Bubble Bursting — Polymarket · 2026-08-05
- Indie Hacker Survival in AI Era: Personal Brand and Email Lists as Core Moats — kylegawley · 2026-08-05
- Selling B2B Services in 2026: AI Agents and Paid Ads Emerge as Top Lanes — ImportanceEmpty8639 · 2026-08-05