SpaceX shares slide on the heels of first quarterly report

The stock was down more than 13 percent as investors were spooked by the company’s heavy investments.By Mohamed Mansour and ReutersPublished On 5 Aug 20265 Aug 2026SpaceX share price has plunged more than 13 percent, a day after the Elon Musk-run company reported its first quarterly earnings as a publicly listed company.On Wednesday, the stock closed down at $108.10, down 13.6 percent from Tuesday’s close of $125.33.Recommended Stories list of 4 itemslist 1 of 4Iran, Oman, US ‘close’ to Hormuz deal: What do they all want?list 2 of 4Why are US Republicans losing faith in War Secretary Pete Hegseth?list 3 of 4Puerto Rican cities hit with water rationing measures during record droughtlist 4 of 4LIV Golf secures ‘lead’ investor for player-driven future after Saudi exitend of listInvestors have been spooked by the increase in the company’s capital expenditure. At $18.37bn, it was a six-fold jump from last year, and much higher than the $13.2bn that analysts had forecast.The majority of that investment, $15.8bn, is earmarked for artificial intelligence (AI) infrastructure, which includes specialised compute, storage, networking and software systems required to build, train, deploy and op...