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Home›US Markets›Equities›SpaceX shares slide 10% after AI spending concerns

SpaceX shares slide 10% after AI spending concerns

Elon Musk said SpaceX is now targeting $1.0 trillion in annual revenue by 2030, versus a prior 2031 goal.

Reported · Written up by our desk · Equities

SpaceX shares fell about 10% after investor concerns about an AI spending surge prompted CEO Elon Musk to address the companys revenue outlook.

CNBC Markets reports that Musk said SpaceX would reach $1 trillion in annual revenue in 2030, compared with an earlier forecast calling for 2031.

The move highlights how changes in expectations, even when framed as bullish, can still rattle investors in the near term.

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Sources

CNBC MarketsSpaceX dives 10% after AI spending surge rattles investors
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