SpaceX share price falls after revealing AI spending plans

• SpaceX shares fell after the Elon Musk-led company disclosed higher-than-expected spending on its artificial intelligence business, spoiling an inaugural earnings release that broadly exceeded Wall Street estimates.
• SpaceX's capital expenditures soared to $28.5 billion in the first half of this year, more than four times its spending a year earlier, with most of the outlay directed towards its rapidly growing AI business.
• The stock drop has raised concerns about the sustainability of SpaceX's high spending, with analysts warning of unpredictable spending on AI and excessive capital expenditures as risks to the company's stock performance.