SpaceX's share price plunged more than 13 percent on Wednesday, August 5th, 2026, closing at $108.10, down from Tuesday’s close of $125.33. This decline followed the Elon Musk-led company’s release of its first quarterly earnings report since becoming publicly listed.

Investors appeared concerned about the company’s substantial investments. SpaceX has announced plans to increase the capacity of its data centers from 1.4GW to 2GW by the end of the year. Additionally, the company stated that its computing capacity supports its Grok models and is also sold commercially, with $14.1 billion in cloud-services agreements secured.

Josh Gilbert, lead analyst at trading platform eToro, commented on the broader market sentiment: “We’ve watched the same scrutiny land on Big Tech this earnings season, where investors have questioned open-ended wallets and started demanding a visible return on them.”

The report highlights the challenges SpaceX faces in balancing aggressive expansion with investor expectations for profitability.

Sources