SpaceX earnings recap: Stock drops 7% after first post-IPO report reveals higher than expected AI capex

IPOSpaceX delivered its first earnings report since going public in June, arriving at a sensitive time for the stock, which has tumbled 15% from the $135 offering price.SpaceX shares dropped 7% after hours following earnings, which revealed better-than-expected revenue but higher-than-expected AI capex. While overall capex came in slightly below analysts' estimates, AI-related investments totaled $15.8 billion for the quarter, compared with Wall Street's $13.09 billion estimate.Quarterly revenue