The Real Reason SpaceX Shares Are Tanking After Out of Control Rocket Smashes into Moon SpaceX's latest earnings report has sent shockwaves through financial markets, with the company's staggering expenditure on artificial intelligence research raising concerns among investors.
While the crash of a rocket into the moon is alarming, it's not the primary cause of concern – rather, it's the massive price tag attached to Elon Musk's grand vision.
The company's capital expenditures rose sixfold in the last quarter, exceeding estimates by a significant margin. This has left investors worried about how fast expenditure is outpacing revenue growth.