Why SpaceX Stock Is Falling Despite Strong Revenue Growth The recent 8% decline in shares of SpaceX despite a strong quarterly earnings report is not about the company's financials, but rather its ambitious plans for artificial intelligence.
The rocket maker spent $18. 4 billion on AI related investments in the second quarter, accounting for 86% of its overall capital expenditures. SpaceX's valuation stands at $1.
5 trillion, a price that many experts believe is inflated by the company's claims about using AI to revolutionize data centers in space.