SPCX

SpaceX reports first post-IPO earnings as AI spending rattles Wall Street

SpaceX reported its first quarterly earnings since going public, posting higher revenue driven by its Starlink satellite business even as heavy artificial-intelligence spending unsettled some investors. Chief executive Elon Musk told analysts on the earnings call that people were "underestimating" the company, while other executives argued the AI investments would pay off within a year. The debut report comes ahead of an insider share lockup expiry that will test investor appetite for SpaceX stock.