SpaceX slides as AI spending worries overshadow early returns

SpaceX touted faster-than-expected returns from its AI spending on its first-ever earnings call as a public company. But investors remained concerned about how long its profitable Starlink business could continue to bankroll costly investments in data centers and Nvidia chips. "With capex expected to remain elevated and ‌investor enthusiasm cooling, I believe the stock could remain under pressure ahead of the lock-up expiration," said Carolane de Palmas, market analyst at brokerage ActivTrades.