SpaceX dives 12% after AI spending surge rattles investors

CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone.

# SpaceX dives 12% after AI spending surge rattles investors CEO Elon Musk said SpaceX would hit $1 trillion in annual revenue in 2030 versus a previous forecast of 2031 as he looked to strike an bullish tone. **Read the full article:** [CNBC](https://www.cnbc.com/2026/08/05/spacex-spcx-stock-today-earnings.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*