SpaceX stock falls as Morgan Stanley flags $64 billion AI spending plan
SpaceX shares fell after Morgan Stanley said it expects the company to post $64 billion in capital spending this year, as it dramatically ramps up investment in artificial intelligence infrastructure. Wall Street investors reacted cautiously to the scale of the spending. The stock move added to a broader pullback in AI-linked names this week.
SpaceX shares fell after Morgan Stanley said it expects the company to post $64 billion in capital spending this year, driven largely by a dramatic ramp-up in investment in artificial intelligence infrastructure.
The estimate rattled investors, who cited concern about the scale of spending and its potential impact on near-term profitability. The stock's decline came amid a broader pullback in AI-linked names on Wall Street this week, as several major tech companies reported higher-than-expected capital expenditure.
Analysts said SpaceX's long-term growth strategy is increasingly tied to AI infrastructure buildout, a shift that could bring short-term volatility even as it positions the company for future gains. SpaceX has not issued an official comment on the spending estimate.
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