SpaceX posts 92% revenue surge, but stock tumbles 7% in after-hours. Here's why

SpaceX reported a 92% revenue surge to $7.8 billion for the April–June quarter. Despite this growth, the stock fell 7% in after-hours trading as capital expenditure rose to $18 billion. Musk said, "We are building AI compute capacity at scale faster than anyone else," as investors worried about future costs.