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SpaceX Stock Sinks 11% as $65B Capex Plan Spooks Wall Street

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • SpaceX shares dropped 11% after revealing ~$65B 2026 capex plans and no formal guidance, despite beating Q2 revenue and EBITDA estimates.
  • Investors drew parallels to Alphabet's AI spending concerns, while an upcoming share lockup expiration adds further pressure.
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