SpaceX Stock Drops on Debut Earnings, AI Spending Surge - SpaceX (NASDAQ:SPCX)

SpaceX shares fell sharply on Wednesday after the company’s debut earnings failed to ease investor concerns about Starlink economics and rising spending. At publication, stock (NASDAQ:SPCX) was down 12.08% to $110.19. Starlink average revenue per user held at $66 per month in Q2, flat from Q1 but down about 22% from $85 a year earlier. The quarter posted a $143 million net loss, with a cumulative first-half loss of $2 billion, as total quarterly expenditures jumped to $18.3 billion. Launches and payload deliveries also declined quarter over quarter, widening operating losses across Space and AI segments.