SpaceX Shares Decline Amid AI Spending and Insider Selling Opportunity
SpaceX shares have seen a significant decline following its first quarterly report, which revealed substantial spending on AI, and as a lock-up period for early investors expires, allowing them to sell their stock. Despite the drop, some analysts remain optimistic about the company's long-term prospects.
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Cashing in on SpaceX: 'Every chance I get, I'll sell a little more'
Andre Lavoie joined SpaceX in 2009 as an engineer, now he's looking to cash in his shares in the company.
Read full article →SpaceX's AI Push, Uber's Next Move and Zoox's Milestone | Bloomberg Tech 8/5/2026
Bloomberg’s Ed Ludlow breaks down SpaceX's first earnings which revealed massive AI spending, an ambitious Starlink expansion and Elon Musk's latest bold prediction: a $100 billion annual revenue run rate by year-end. Plus, Uber CEO Dara Khosrowshahi joins to discuss the company's earnings and its robotaxi ambitions, and Zoox CEO Aicha Evans weighs in on the company's big commercial milestone of starting to charge for rides in Las Vegas. (Source: Bloomberg)
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