{"id":36478,"date":"2026-08-05T16:27:59","date_gmt":"2026-08-05T16:27:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/spacex-stock-falls-11-as-ai-spending-hits-15-8b\/"},"modified":"2026-08-05T16:28:28","modified_gmt":"2026-08-05T16:28:28","slug":"spacex-stock-falls-11-as-ai-spending-hits-15-8b","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/spacex-stock-falls-11-as-ai-spending-hits-15-8b\/","title":{"rendered":"SpaceX stock falls 11% as AI spending hits $15.8B"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SpaceX stock fell as much as 11% on Wednesday after record AI investment, and an approaching share unlock overshadowed the company\u2019s stronger-than-expected second-quarter revenue.<\/p>\n<div id=\"cn-block-summary-block_7d10e026e08f4fd9dd2bef410f21b5de\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>SpaceX generated <strong>$7.8 billion in Q2 revenue<\/strong>, up 92% from a year earlier.<\/li>\n<li>AI-related capital <strong>expenditure jumped to $15.8 billion<\/strong>, compared with $749 million a year ago.<\/li>\n<li>Piper Sandler cut its <strong>SPCX price target to $140 from $156<\/strong> while retaining a Neutral rating.<\/li>\n<li>SPCX faces further pressure as its tradable <strong>share count could rise by more than 140%<\/strong>.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">SpaceX revenue beats Wall Street estimates<\/h2>\n<p>SpaceX reported $7.8 billion in second-quarter revenue, exceeding Wall Street\u2019s estimate of about $6.8 billion. Revenue rose 92% from $4.1 billion in the same period last year, marking a strong first earnings report since the company\u2019s June Nasdaq debut.<\/p>\n<p>Starlink remained the company\u2019s main financial engine. Revenue from the satellite connectivity business rose 66%, while SpaceX\u2019s AI revenue increased by about 250% from a year earlier. The company\u2019s total operating loss narrowed to $143 million from $970 million, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/media-telecom\/spacex-quarterly-revenue-surges-debut-results-strong-growth-its-starlink-2026-08-04\/\" target=\"_blank\" rel=\"nofollow\">Reuters<\/a>.<\/p>\n<p>However, investors focused on how much SpaceX spent to generate that growth. Total quarterly capital expenditure climbed above $18 billion, including $15.83 billion allocated to AI infrastructure. That compared with only $749 million in AI spending during the year-ago period.<\/p>\n<p>Finance chief Bret Johnsen <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investopedia.com\/spacex-earnings-today-live-coverage-of-quarterly-results-from-elon-musk-s-newest-public-company-spcx-12033723\" target=\"_blank\" rel=\"nofollow\">said<\/a> capital spending would likely remain near current levels over the next several quarters. The outlook raised questions about how long Starlink may need to fund the company\u2019s AI and space-development plans.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">AI spending overshadows SpaceX earnings beat<\/h2>\n<p>SpaceX is expanding its computing capacity as Elon Musk positions AI as a major part of the company\u2019s future valuation. AI revenue reached roughly $2.6 billion during the quarter, supported by new cloud-computing contracts.<\/p>\n<p>Still, the amount committed to AI infrastructure exceeded market forecasts. At $15.8 billion, AI capital spending more than doubled from $7.7 billion in the first quarter and accounted for most of SpaceX\u2019s total investment during Q2.<\/p>\n<p>The spending contributed to a sharp change in sentiment after the results. SPCX initially fell 7.5% in after-hours trading before extending its decline to more than 11% in Wednesday\u2019s pre-market session. The drop came despite a positive session for broader US equity futures, suggesting that company-specific concerns drove the move.<\/p>\n<p>SpaceX also reported a net loss of $541 million, although adjusted earnings before interest, taxes, depreciation and amortization nearly tripled to $3.5 billion, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/fortune.com\/2026\/08\/04\/spacex-revenue-surges-92-to-7-8-billion-blowing-past-wall-street-expectations-by-nearly-1-billion\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"nofollow\">Fortune<\/a>.<\/p>\n<h2 class=\"wp-block-heading\">Analysts remain divided on SPCX stock<\/h2>\n<p>Piper Sandler lowered its SpaceX price target from $156 to $140 while maintaining a Neutral rating. The brokerage raised its earnings forecasts but cited valuation pressure, uncertain AI cloud contract durability and higher anticipated spending.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24SPCX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SPCX<\/a> \u2013 PIPER SANDLER CUTS SPACEX PRICE TARGET<\/p>\n<p>Piper Sandler lowered its SpaceX (NASDAQ: SPCX) price target to $140 from $156, while maintaining a Neutral rating.<\/p>\n<p>Despite strong first earnings that beat expectations, the firm sees valuation headwinds. Concerns include a 140%\u2026<\/p>\n<p>\u2014 *Walter Bloomberg (@DeItaone) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/DeItaone\/status\/2084915646534463799?ref_src=twsrc%5Etfw\">August 5, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The firm now expects fiscal 2027 capital expenditure of about $65 billion, roughly $17 billion above its previous projection. It also warned that the number of tradable SPCX shares could soon increase by more than 140%, creating a potential supply overhang.<\/p>\n<p>Other Wall Street firms retained more bullish forecasts. Bank of America <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/DeItaone\/status\/2084931196388090165\" target=\"_blank\" rel=\"nofollow\">reaffirmed its Buy rating<\/a> and $235 target, while JPMorgan raised its target from $225 to $240. Mizuho maintained a positive rating and a $200 target.<\/p>\n<p>These forecasts indicate that analysts remain constructive on SpaceX\u2019s long-term business despite concerns about near-term spending and dilution.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83c\udfaf <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/search?q=%24SPCX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SPCX<\/a>  Latest Wall\u2011Street Price\u2011Target Round\u2011up<\/p>\n<p>Morgan Stanley\uff5cOverweight\uff5c$300<br \/>\u201cWe forecast full\u2011year 2027 revenue of $102\u202fbillion, implying annual run\u2011rate revenue above $100\u202fbillion by end\u20112026 with little further acceleration. Our base case assumes compute pricing\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/fPbJ0cEKrp\">pic.twitter.com\/fPbJ0cEKrp<\/a><\/p>\n<p>\u2014 katz (@katzspx) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/katzspx\/status\/2085029494432354472?ref_src=twsrc%5Etfw\">August 5, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">SPCX chart puts $104.91 support in focus<\/h2>\n<p>SPCX traded at $114.93 on the four-hour chart, down 8.66% during the session after touching an intraday low of $109.21. The stock\u2019s attempted rebound was rejected near $126, returning it below the 78.6% Fibonacci retracement at $119.34.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SPCX price 4-hour chart | Source: TradingView<\/figcaption><\/figure>\n<p>A sustained recovery above $119.34 could allow buyers to target $130.67. Further resistance stands at $138.63 and $146.58, but the broader trend remains weak following the decline from $172.34 in early July.<\/p>\n<p>On the downside, $109 is the first area to watch. A break below that level would expose the July low at $104.91 and deepen the stock\u2019s drop below its $135 IPO price.<\/p>\n<p>The MACD shows that bearish momentum has eased from its July peak, but the latest rejection and negative Bull-Bear Power reading indicate that sellers remain active. Thursday\u2019s post-IPO share unlock could add another source of volatility for US investors.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SpaceX stock fell as much as 11% on Wednesday after record AI investment, and an approaching share unlock overshadowed the company\u2019s stronger-than-expected second-quarter revenue. Summary SpaceX generated $7.8 billion in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36478","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=36478"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36478\/revisions"}],"predecessor-version":[{"id":36479,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/36478\/revisions\/36479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31671"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=36478"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=36478"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=36478"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}