# SpaceX shares sink after first earnings report reveals huge AI spending plans > Source: > Published: 2026-08-05 08:18:03+00:00 # SpaceX shares sink after first earnings report reveals huge AI spending plans Source: [BBC Technology](https://www.bbc.co.uk/news/technology)Elon Musk said during a call with financial analysts that people were "underestimating" his company. Get AI news in your inbox Daily digest of what matters in AI.