What's next for SpaceX shares? 5 trends investors should watch - SpaceX beats Q2 estimates, but stock slides
· economictimes.indiatimes.com
SpaceX delivered better-than-expected second-quarter results, with revenue and earnings surpassing Wall Street estimates. Revenue jumped about 92% from a year earlier, driven by strong growth in Starlink and AI-related businesses. However, the upbeat earnings failed to lift investor sentiment, with the stock falling in after-hours trading as concerns over AI spending and the upcoming lock-up expiry took centre stage. (Sources: Reuters, CNBC, Yahoo Finance) SpaceX beats Q2 estimates, but stock slides
Many early investors and employees purchased their shares at prices well below the IPO level, giving them a strong incentive to book profits. While analysts exp...