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The Economic Times
The Economic Times
Business

SpaceX shares tumble 12%, fall below IPO price as AI spending concerns mount

SpaceX shares fell about 12% on Wednesday as concerns over heavy AI spending overshadowed the company’s faster-than-expected returns from those investments in its first earnings call since going public, Reuters reported.

The stock dropped to below $110 in early trading, well below its $135 IPO price less than two months after the company’s blockbuster market debut.

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