SpaceX stock faces downward pressure as the company pushes its Starship orbital test to September 28 and reports $18.4 billion in quarterly capital expenditures, overshadowing recent revenue growth.
SpaceX delayed its Starship orbital flight to Sept. 28 and disclosed heavy capex and a space-segment operating loss, pressuring its stock.
SpaceX shares fell 8% in after-hours trading following a delay to the Starship orbital test flight and a disclosure of significant capital expenditures. The company reported a $542 million operating loss in its space segment for the second quarter, fueling investor concerns despite a 92% revenue increase.
The stock fell due to the delay of the Starship orbital test flight and investor concerns regarding high capital expenditures and a $542 million operating loss in the space segment.