Yesterday, August 4, 2026, SpaceX released its first official quarterly report as a public company following its massive IPO. The financial data revealed a piece of crypto-related information with a major impact.
On-chain analysts confirmed that SpaceX has NOT sold its Bitcoins; the decline is merely due to accounting adjustments driven by market volatility.
On the other hand, despite the fact that SpaceX’s quarterly revenue beat Wall Street’s forecasts by reaching $7.8 billion (thanks to the massive growth of Starlink and its AI contracts), the SPCX stock suffered a sharp drop due to an unexpected infrastructure expense of $18.4 billion in capital expenditures (Capex) during the quarter, of which $15.8 billion went directly to Artificial Intelligence infrastructure.
The most interesting part is that the "Wall Street Reaction," as happened recently with Alphabet (Google), has investors worried that spending on space supercomputers and AI will eat into the company’s cash flow in the short term, causing the stock to fall to local lows of $111 - $106 USDT.
$SPCX
On-chain analysts confirmed that SpaceX has NOT sold its Bitcoins; the decline is merely due to accounting adjustments driven by market volatility.
On the other hand, despite the fact that SpaceX’s quarterly revenue beat Wall Street’s forecasts by reaching $7.8 billion (thanks to the massive growth of Starlink and its AI contracts), the SPCX stock suffered a sharp drop due to an unexpected infrastructure expense of $18.4 billion in capital expenditures (Capex) during the quarter, of which $15.8 billion went directly to Artificial Intelligence infrastructure.
The most interesting part is that the "Wall Street Reaction," as happened recently with Alphabet (Google), has investors worried that spending on space supercomputers and AI will eat into the company’s cash flow in the short term, causing the stock to fall to local lows of $111 - $106 USDT.
$SPCX
