The Financial News

The Financial News

SpaceX Stock Crashes After Its First Earnings — Here’s What Wall Street Missed


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SpaceX (NASDAQ: SPCX) just delivered its first earnings report as a public company — and the stock dropped roughly 12% anyway. Revenue jumped 92% year over year to $7.8 billion, beating the $6.7 billion consensus, and the AI segment grew 247% to $2.56 billion. So why the selloff? Jose Najarro and Neil break down the $18.4 billion in capex ($15.8 billion on AI compute alone), the looming insider lockup expiration, and whether this is a buying opportunity or a warning sign for long-term investors.

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