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.
#time
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.
#time
2 months ago
