{"id":2102,"date":"2026-08-05T20:30:10","date_gmt":"2026-08-05T20:30:10","guid":{"rendered":"https:\/\/www.asianewscast.com\/?p=2102"},"modified":"2026-08-05T20:30:17","modified_gmt":"2026-08-05T20:30:17","slug":"spacex-shares-slide-on-the-heels-of-first-quarterly-report","status":"publish","type":"post","link":"https:\/\/www.asianewscast.com\/?p=2102","title":{"rendered":"SpaceX shares slide on the heels of first quarterly report"},"content":{"rendered":"<div class=\"rich-share\" data-testid=\"rich-share\">\n<div class=\"rich-share__divider\">\n<div class=\"listen-to-article\"><button class=\"listen-to-article__button\" data-testid=\"listen-to-article-button\"><title>Listen<\/title>Listen (3 mins)<\/button><\/div>\n<div class=\"rich-share__update-reading-list-wrapper\">\n<div class=\"update-reading-list\">\n<p class=\"update-reading-list__button-text\">Save<\/p>\n<\/div>\n<div><\/div>\n<\/div>\n<div class=\"rich-share__wrapper\">\n<div class=\"rich-share__button-wrapper\"><button 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class=\"rich-share__social-link row u-hidden--desktop\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Share on Whatsapp\" href=\"\/\/send?text=https%3A%2F%2Faje.news%2Feg0z9q\"><title>whatsapp-stroke<\/title><\/a><a class=\"rich-share__social-link row copylink\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Copy link\" href=\"https:\/\/aje.news\/eg0z9q\"><title>copylink<\/title><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"google-preferred-source\"><button class=\"google-preferred-source__button\" aria-label=\"Add Al Jazeera on Google\" data-testid=\"google-preferred-source-button\"><title>google<\/title><span class=\"google-preferred-source__text\">Add Al Jazeera on Google<\/span><\/button><button aria-label=\"See more of Al Jazeera\u2019s trusted journalism by adding us as a preferred source on Google.\" class=\"tooltip-accessible_trigger\"><title>info<\/title><\/button><\/div>\n<\/div>\n<div class=\"article-featured__media\">\n<figure class=\"article-featured-image\">\n<div class=\"responsive-image\"><img decoding=\"async\" loading=\"eager\" src=\"\/wp-content\/uploads\/2026\/06\/AP26154448082248-1780532909.jpg?resize=770%2C513&amp;quality=80\" alt=\"sx\"><\/div><figcaption>Investors across the technology sector are questioning if the large investments in AI infrastructure will actually yield returns, scrutiny that is now extending to SpaceX [File: John Raoux\/AP Photo]<\/figcaption><\/figure>\n<\/div>\n<div class=\"article-info m--t-20 m--desktop-b-30 m--b-mobile-20\">\n<div class=\"byline byline--no-avatars\">\n<div class=\"byline-content\">\n<div class=\"contributors-list contributors-list--byline\"><span class=\"contributors-list__by-prefix\">By <\/span>Mohamed Mansour<!-- --> and <!-- -->Reuters<\/div>\n<\/div>\n<\/div>\n<div class=\"article-dates\">\n<div class=\"date-simple\"><span class=\"screen-reader-text\">Published On 5 Aug 2026<\/span><span aria-hidden=\"true\">5 Aug 2026<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"wysiwyg wysiwyg--all-content\" aria-live=\"polite\">\n<p>SpaceX share price has plunged more than 13 percent, a day after the Elon Musk-run company <a href=\"\/economy\/2026\/8\/4\/elon-musks-spacex-reports-reports-losses-but-less-than-expected\" target=\"_blank\" rel=\"noopener\">reported its first quarterly earnings<\/a> as a publicly listed company.<\/p>\n<p>On Wednesday, the stock closed down at $108.10, down 13.6 percent from Tuesday\u2019s close of $125.33.<\/p>\n<section class=\"more-on\">\n<h2 class=\"more-on__heading\">Recommended Stories<!-- --> <\/h2>\n<p><span class=\"screen-reader-text\">list of 4 items<\/span><\/p>\n<ul class=\"more-on__list\">\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 1 of 4<\/span><a class=\"more-on__link\" href=\"\/news\/2026\/8\/5\/iran-oman-us-close-to-hormuz-deal-what-do-they-all-want\">Iran, Oman, US \u2018close\u2019 to Hormuz deal: What do they all want?<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 2 of 4<\/span><a class=\"more-on__link\" href=\"\/news\/2026\/8\/5\/why-are-us-republicans-losing-faith-in-war-secretary-pete-hegseth\">Why are US Republicans losing faith in War Secretary Pete Hegseth?<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 3 of 4<\/span><a class=\"more-on__link\" href=\"\/news\/2026\/8\/5\/puerto-rican-cities-hit-with-water-rationing-measures-during-record-drought\">Puerto Rican cities hit with water rationing measures during record drought<\/a><\/li>\n<li class=\"more-on__article\"><span class=\"screen-reader-text\">list 4 of 4<\/span><a class=\"more-on__link\" href=\"\/sports\/2026\/8\/5\/liv-golf-secures-lead-investor-for-player-driven-life-after-saudi-future\">LIV Golf secures \u2018lead\u2019 investor for player-driven future after Saudi exit<\/a><\/li>\n<\/ul>\n<p><span class=\"screen-reader-text\">end of list<\/span><\/section>\n<p>Investors have been spooked by the increase in the company\u2019s capital expenditure. At $18.37bn, it was a six-fold jump from last year, and much higher than the $13.2bn that analysts had forecast.<\/p>\n<p>The majority of that investment, $15.8bn, is earmarked for artificial intelligence (AI) infrastructure, which includes specialised compute, storage, networking and software systems required to build, train, deploy and operate AI models at scale. SpaceX has said it wants to increase the capacity of its data centres from 1.4GW currently to 2GW by year-end.<\/p>\n<p>Investors across the technology sector are questioning whether the large investments in AI infrastructure will actually yield returns.<\/p>\n<p>\u201cWe\u2019ve watched the same scrutiny land on Big Tech this earnings season, where investors have questioned open-ended wallets and started demanding a visible return on them,\u201d said Josh Gilbert, lead analyst at trading platform eToro.<\/p>\n<p>\u201cSpaceX\u00a0faces that test with an added degree of difficulty because it\u2019s asking shareholders to bankroll data centres in orbit.\u201d<\/p>\n<p>SpaceX has said its computing capacity not only serves its Grok models but is also actively sold, with $14.1bn in cloud-services agreements lined up.<\/p>\n<p><span style=\"font-size:22sdfasdfpx\">The one area that SpaceX saw some profit was from the \u201cconnectivity\u201d business, with revenue jumping 66 percent from a year earlier as the number of subscribers to its Starlink satellite communications service doubled to 12 million, bringing in $1.66bn in operating income.<\/span><\/p>\n<div style=\"display:block;position:relative;min-width:0px;max-width:770px\">\n<\/div>\n<p>SpaceX\u2019s share price faces another test on Thursday, when the first tranche of the post-IPO lock-up expires, making up to 911.5 million shares, roughly 20 percent of restricted holdings, eligible for sale.<\/p>\n<div class=\"container--ads in-article-ads\">\n<div class=\"ads\"><span class=\"ads__title\"> Advertisement <\/span><\/div>\n<\/div>\n<p>Melissa Otto, head of Visible Alpha research at S&amp;P Global, told Al Jazeera that the stock is \u201clikely to be volatile\u201d once the lock-up lifts.<\/p>\n<p>SpaceX\u2019s IPO was priced at $135 per share and climbed to $225 within days of its June 12 debut, briefly catapulting <a href=\"\/economy\/2026\/6\/12\/spacex-ipo-debuts-in-us-markets-musk-becomes-worlds-first-trillionaire\" target=\"_blank\" rel=\"noopener\">Musk as the world\u2019s first trillionaire<\/a>. The stock has since dropped.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ListenListen (3 mins) Save Click here to share on social media share-nodes Share facebookxwhatsapp-strokecopylink googleAdd Al Jazeera on Googleinfo Investors across the technology sector are questioning if the large investments in AI infrastructure will actually yield returns, scrutiny that is now extending to SpaceX [File: John Raoux\/AP Photo] By Mohamed Mansour and Reuters Published On [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2102","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SpaceX shares slide on the heels of first quarterly report - 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