{"slug": "spacex-shares-sink-after-first-earnings-report-reveals-huge-ai-spending-plans", "title": "SpaceX shares sink after first earnings report reveals huge AI spending plans", "summary": "SpaceX shares fell after its first earnings report revealed plans for massive spending on artificial intelligence, with CEO Elon Musk telling analysts that people were \"underestimating\" the company.", "body_md": "# SpaceX shares sink after first earnings report reveals huge AI spending plans\n\nSource:\n\n[BBC Technology](https://www.bbc.co.uk/news/technology)Elon Musk said during a call with financial analysts that people were \"underestimating\" his company.\n\nGet AI news in your inbox\n\nDaily digest of what matters in AI.", "url": "https://wpnews.pro/news/spacex-shares-sink-after-first-earnings-report-reveals-huge-ai-spending-plans", "canonical_source": "https://www.machinebrief.com/news/spacex-shares-sink-after-first-earnings-report-reveals-huge-vddx", "published_at": "2026-08-05 08:18:03+00:00", "updated_at": "2026-08-05 09:36:14.708831+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure"], "entities": ["SpaceX", "Elon Musk"], "alternates": {"html": "https://wpnews.pro/news/spacex-shares-sink-after-first-earnings-report-reveals-huge-ai-spending-plans", "markdown": "https://wpnews.pro/news/spacex-shares-sink-after-first-earnings-report-reveals-huge-ai-spending-plans.md", "text": "https://wpnews.pro/news/spacex-shares-sink-after-first-earnings-report-reveals-huge-ai-spending-plans.txt", "jsonld": "https://wpnews.pro/news/spacex-shares-sink-after-first-earnings-report-reveals-huge-ai-spending-plans.jsonld"}}