{"id":3642,"date":"2026-08-04T21:13:49","date_gmt":"2026-08-04T21:13:49","guid":{"rendered":"https:\/\/trustedmovinggroups.com\/?p=3642"},"modified":"2026-08-04T21:13:49","modified_gmt":"2026-08-04T21:13:49","slug":"spacex-hit-by-surging-ai-costs-as-insiders-prepare-to-sell-their-shares","status":"publish","type":"post","link":"https:\/\/trustedmovinggroups.com\/?p=3642","title":{"rendered":"SpaceX hit by surging AI costs as insiders prepare to sell their shares"},"content":{"rendered":"
\n

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities.<\/p>\n

Read more Chipotle removes jalape\u00f1os after possible link to salmonella outbreak<\/a><\/p>\n

Too much, according to investors. <\/p>\n

<\/div>\n

The company reported revenues and earnings in its first-ever quarterly update as a public company that the surpassed analysts\u2019 expectations. Most of its revenues came from its Starlink satellite offering. <\/p>\n

But investor focus turned to capital expenditures related to its xAI unit, which runs the Grok AI service. Those hit $15.8 billion, higher than expectations of $13.09 billion, according to Bloomberg News data. The spending also comprised most of SpaceX\u2019s overall $18.4 billion quarterly spending on cap-ex.<\/p>\n

The report caused SpaceX shares to reverse a healthy run-up during regular trading hours Tuesday. The stock fell some 5% in trading after the closing bell, after having surged 9% earlier. <\/p>\n

Read more S&P 500, Dow hit record highs on strong AI-linked earnings and hopes for an Iran war deal<\/a><\/p>\n

SpaceX immediately became a multi-trillion-dollar company after a record-setting IPO on June 12 \u2014\u00a0but nearly just as quickly, it erased $1 trillion in value as the stock plunged amid anticipation of insider stock sales and broader jitters about the pace of AI spending.<\/p>\n

<\/div>\n

Still, the company continues to enjoy a market valuation of more than $1 trillion, making it one of the most valuable companies in the world. The stock got an additional boost Tuesday after announcing a new deal with Nvidia that will see it provide SpaceX with additional computing power. <\/p>\n

Investor speculation has grown that SpaceX may attempt to merge with its sister company, Tesla. This would give Elon Musk even more control over his multi-faceted technology empire than he already exerts. <\/p>\n

Read more Embattled GOP Rep. Max Miller requests an Ethics investigation into himself<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

For a rocket company, SpaceX is spending a lot of money to build out its AI capacities.<\/p>\n","protected":false},"author":1,"featured_media":2817,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[84],"tags":[],"class_list":["post-3642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"\nSpaceX hit by surging AI costs as insiders prepare to sell their shares - Trusted Moving Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trustedmovinggroups.com\/?p=3642\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SpaceX hit by surging AI costs as insiders prepare to sell their shares - Trusted Moving Group\" \/>\n<meta property=\"og:description\" content=\"For a rocket company, SpaceX is spending a lot of money to build out its AI capacities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trustedmovinggroups.com\/?p=3642\" \/>\n<meta property=\"og:site_name\" content=\"Trusted Moving Group\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-04T21:13:49+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=3642#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=3642\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/#\\\/schema\\\/person\\\/98cd83efb686ecde03e082abca618eaa\"},\"headline\":\"SpaceX hit by surging AI costs as insiders prepare to sell their shares\",\"datePublished\":\"2026-08-04T21:13:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=3642\"},\"wordCount\":305,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=3642#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/trustedmovinggroups.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/831575656d79c3119ed832f54deace7d.webp\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=3642#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=3642\",\"url\":\"https:\\\/\\\/trustedmovinggroups.com\\\/?p=3642\",\"name\":\"SpaceX hit by surging AI costs as insiders prepare to sell their shares - 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