SpaceX (SPCX) stock continues to lose altitude. But for this brief moment in time, the decline has nothing to do with a post-IPO hangover.
The stock is down 11% in early trading on Wednesday to $111 — light-years removed from the record high of about $225 — as investors were rattled by ******* eX's planned capital expenditures.
The harsh reaction is not unlike the one afforded to other tech names this earnings season, such as Alphabet (GOOG, GOOGL), which promised that big-time money will be spent on advancing AI initiatives.
The Yahoo Finance AlphaSpace stat of the morning reflects a rough estimate of how much ******* eX said it would spend in 2026.
Total capital expenditures for ******* eX in the second quarter were $18.4 billion, well above ******* yst estimates of around $6 billion. Commentary by executives on the earnings call indicated that third and fourth quarter capex could each remain at similar levels as that of the second quarter, implying full-year capex of about $65 billion. Wall Street was modeling for $50 billion in capital expenditures for ******* eX this year.
#Stock
The stock is down 11% in early trading on Wednesday to $111 — light-years removed from the record high of about $225 — as investors were rattled by ******* eX's planned capital expenditures.
The harsh reaction is not unlike the one afforded to other tech names this earnings season, such as Alphabet (GOOG, GOOGL), which promised that big-time money will be spent on advancing AI initiatives.
The Yahoo Finance AlphaSpace stat of the morning reflects a rough estimate of how much ******* eX said it would spend in 2026.
Total capital expenditures for ******* eX in the second quarter were $18.4 billion, well above ******* yst estimates of around $6 billion. Commentary by executives on the earnings call indicated that third and fourth quarter capex could each remain at similar levels as that of the second quarter, implying full-year capex of about $65 billion. Wall Street was modeling for $50 billion in capital expenditures for ******* eX this year.
#Stock
6 days ago
