Source: New York Post
Elon Musk’s SpaceX will report earnings for the first time since going public on Tuesday in an early test of whether the firm can overcome Wall Street’s fears about its massive spending on AI. SpaceX, which has lost more than $500 billion in market value since its debut in June, will announce its second-quarter results after the bell alongside chipmaker AMD. Tech stocks have been under pressure as investors fret over whether costly AI investments – such as Musk’s plan to build AI data centers in space – will pay off.
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