SpaceX’s first quarterly earnings report is met with a selloff after the company discloses higher-than-expected spending on its artificial intelligence business. Multiple outlets report that shares fall, with one source citing a decline of up to 8.8% in U.S. post-market trading. Despite the market reaction, the company’s inaugural quarterly results largely exceed Wall Street expectations on revenue. Financial Post reports SpaceX revenue of $7.8 billion. Japan Times and Bloomberg both focus on the spending increase tied to AI and capital expenditures. Japan Times says capital spending rises to about $18.4 billion in the second quarter. Bloomberg adds that the higher AI spending is disclosed as part of the company’s broader spending picture, contributing to weaker investor sentiment around the debut report. Together, the coverage presents a mixed picture: strong reported revenue for the quarter, paired with concern that elevated AI-related spending could pressure future costs and profitability. The information comes from the company’s post-IPO earnings materials and resulting market trading after the release.