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SpaceX stock falls 12% as AI spending surge rattles investors and massive share unlock looms

SpaceX CEO Elon Musk stated the company will reach $1 trillion in annual revenue by 2030, a year earlier than previously projected. The company's stock experienced a 12% decline amid concerns over increased AI spending and an impending share unlock event.

Impact Score

5/10

Wednesday, August 5, 2026 at 02:16 PM EDT

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