Elon Musk Projects $1T in SpaceX Revenue After Spending $16B on A.I. in 3 Months

['Tim Keary', 'Tim Keary Is A Freelance Reporter Covering Enterprise Technology', 'A.I. He Has Contributed To A Range Of Publications Including Forbes', 'Venturebeat', 'Entrepreneur. You Can Follow Him On Twitter At', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar'] Observer 2026-08-05 19:26:10

After its historic IPO in June, Elon Musk’s SpaceX yesterday (Aug. 4) reported its first earnings as a public company. However, SpaceX shares fell about 8 percent in after-hours trading as investors worried about the company’s heavy spending on A.I. See all of our newslettersDuring the quarter, SpaceX spent $18.4 billion on capital expenditures (CapEx), exceeding Wall Street’s expectations of roughly $13–14 billion. Before the earnings release, SpaceX shares were down nearly 30 percent from their June debut, underperforming the S&P 500, partly due to concerns about overexpansion in A.I. SpaceX shares could face more volatility in the coming days as the lock-in period for early shareholders expires tomorrow (Aug. 5).