SpaceX earnings recap: Stock drops 7% after first post-IPO report reveals higher than expected AI capex0

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• August 4, 2026

SpaceX delivered its first earnings report since going public in June, arriving at a sensitive time for the stock, which has tumbled 15% from the $135 offering price. SpaceX shares dropped 7% after hours following the earnings, which revealed better than expected revenue but AI capex higher than Wall Street estimates. While overall capex came