SpaceX shares sink after first earnings report reveals huge AI spending plans 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. 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.