A sixfold jump in capital spending overshadowed stronger results and a more ambitious long-term revenue target.
Notícias
Apenas manchetes de alto sinal - eventos macro, resultados, M&A, regulatório. Listicles e clickbait de analistas filtrados por padrão. Atualizado a cada hora.
SpaceX reported its first quarterly results as a public company, beating on revenue but falling 11% as investors focused on heavy capital spending. Its 18,712 bitcoin lost roughly $195 million in value during the quarter. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
SpaceX stock has been weak for weeks. Analysts are sticking with their price targets. The average analyst price target for SpaceX stock is about $227 a share, according to FactSet, down $1 since SpaceX reported better-than-expected second-quarter numbers on Tuesday evening.
Investors are focused on whether SpaceX will be able to deliver on its ambitious artificial intelligence agenda.
CEO Abel Avellan said the launch shows steady progress toward a space-based cellular network built for scale and that beta services are planned for later this year. Retail sentiment around ASTS improved after SpaceX’s second-quarter earnings on Tuesday. Shares of AST SpaceMobile (ASTS) traded lower on Wednesday after a sharp rally the previous day, as investors digested a successful satellite launch alongside broader space-sector moves.
It can still get uglier for SpaceX.
Tech stocks were taking a breather during Wednesday's session after leading yesterday's rally. The Nasdaq Composite was down 0.3%, while the S&P 500 fell to the flatline. The second-quarter earnings season is ongoing, and companies that deliver beats on the top and bottom lines have seen muted stock reactions.
SpaceX's stock slide continues, and it may be a gift for investors.

SpaceX (SPCX) erases $205 billion in market value on Wednesday following its first-ever earnings release, with its AI spending forecasts weighing heavily on investors' minds. BofA Securities senior aerospace and defense analyst Ron Epstein comes on Market Domination to discuss his biggest takeaways from SpaceX's results.
SpaceX is on course to burn $50 billion this year. That's a surprise.

AllianceBernstein global head of ETF strategy and partnerships, Julie Gunts, sits down with Yahoo Finance's Julie Hyman to discuss the dynamic between the tech sector, earnings, and ETF flows.
Both companies face a challenging road ahead.
SpaceX just posted one of the most impressive earnings reports in recent memory, and the stock is getting crushed anyway. Two converging forces are threatening to swamp even the strongest bull case, and one of them hasn't even hit yet.
Stocks kicked off Wednesday's session higher, extending the week's broad rally. The S&P 500 was on pace to set another record high, up 0.6%. The Dow Jones Industrial Average rose 1.1% or 600 points, also on track for a fresh record.
SpaceX’s AI infrastructure business reached 1.4 GW of nameplate capacity as compute spending drove quarterly capital expenditures above $18 billion.

SpaceX stock (SPCX) is losing altitude and shedding yesterday's stock gains over the AI spending forecasts reported in its first-ever earnings release. Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Breaking News Reporter Jake Conley to break down SpaceX's negative stock moves.
SpaceX bears have taken over, with good reason.
SpaceX Eyes Major Starship Milestone With First Attempt at Landing the Upper Stage
Revenue rose 92% and beat estimates in the first report as a public company