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北京时间·🕒 发布 23:31:29时区推断·⟳ 抓取 23:31:47·⚡ 决策 08-05 23:44:24 +12m37s·82.7 天前
SpaceX首份财报后因AI资本开支和解禁担忧下跌
Q2资本开支环比/同比口径大幅上升至184亿美元且多数投向AI，叠加周四9.12亿股解禁，形成短线压力。
📄 原文CNBC Top News↗ 原文
SpaceX stock falls 7% after AI spending surge rattles investors
SpaceX shares sank 9% on Wednesday after a surge in artificial intelligence spending rattled investors and clouded an o…
不做 SpaceX（SPCX.US）
当前事件正负混合且同一财报/AI支出/解禁催化已处理；战略AI投入不能单独登记风险，亦不足以追空。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-08-05 · 扩散 high · price-in 风险 high ↗
关键理由
- Q2资本开支环比/同比口径大幅上升至184亿美元且多数投向AI，叠加周四9.12亿股解禁，形成短线压力。
- 但公司同时披露收入/利润好于预期、亏损收窄、AI算力投资回收期低于一年，并将1万亿美元年收入目标提前到2030年，净影响不是单边利空。
主要风险
- 若解禁后实际抛压显著或公司正式下修AI回报预期，才可能形成新的做空催化。
工具调用 · 历史记录,结果未知(3 种)
- search_processed_events · 结果未知
- stock_quote · 结果未知
- normalize_ticker · 结果未知
原文全文
展开原文 · 2,012 字
SpaceX shares sank 9% on Wednesday after a surge in artificial intelligence spending rattled investors and clouded an otherwise expectation-beating quarter.
In SpaceX's first earnings report as a public company on Tuesday, Elon Musk's space firm said its capital expenditures jumped sixfold to $18.4 billion in the second quarter. This figure was ahead of analyst expectations, with the majority of the spending going toward AI.
The company's stock closed at just over $125 on Tuesday, sitting below its $135 initial public offering price. It is well off its more than $200 all-time high that was hit shortly after its listing.
Investors have been on edge this earnings season as concerns rise about whether large tech companies can prove their multibillion-dollar investments are yielding returns.
While SpaceX's own models are seen as behind OpenAI and Anthropic, the company is positioning itself as an alternative cloud player by renting out the computing capacity that it is building with Nvidia chips.
SpaceX's CFO, Bret Johnsen, looked to allay investor fears over capex spending. The company has been "efficient" with its spending, he said on an earnings call.
"On the AI compute side, we're able to deploy capital in such a way that we're getting less than a one-year payback," Johnsen added.
The share price fell even as SpaceX narrowed its losses and promised significant future revenue. Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031.
"SpaceX wants to tell the story they're the market leader. ... But people still have these questions: how quickly can they grow? How big are the costs going to be before this thing gets to profitability?" Steve Westly, founder of The Westly Group and a former Tesla board member, told CNBC's "Squawk Box Europe" on Wednesday.
The company is contending with another potential market-moving event on Thursday — the expiration of insider lockups. This means that insiders can finally sell a portion of their shares.
In SpaceX's first earnings report as a public company on Tuesday, Elon Musk's space firm said its capital expenditures jumped sixfold to $18.4 billion in the second quarter. This figure was ahead of analyst expectations, with the majority of the spending going toward AI.
The company's stock closed at just over $125 on Tuesday, sitting below its $135 initial public offering price. It is well off its more than $200 all-time high that was hit shortly after its listing.
Investors have been on edge this earnings season as concerns rise about whether large tech companies can prove their multibillion-dollar investments are yielding returns.
While SpaceX's own models are seen as behind OpenAI and Anthropic, the company is positioning itself as an alternative cloud player by renting out the computing capacity that it is building with Nvidia chips.
SpaceX's CFO, Bret Johnsen, looked to allay investor fears over capex spending. The company has been "efficient" with its spending, he said on an earnings call.
"On the AI compute side, we're able to deploy capital in such a way that we're getting less than a one-year payback," Johnsen added.
The share price fell even as SpaceX narrowed its losses and promised significant future revenue. Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031.
"SpaceX wants to tell the story they're the market leader. ... But people still have these questions: how quickly can they grow? How big are the costs going to be before this thing gets to profitability?" Steve Westly, founder of The Westly Group and a former Tesla board member, told CNBC's "Squawk Box Europe" on Wednesday.
The company is contending with another potential market-moving event on Thursday — the expiration of insider lockups. This means that insiders can finally sell a portion of their shares.
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