Sky-High Revenue Fails to Calm Traders as Space Exploration Technologies Shares Drop After Hours
Space Exploration Technologies reported Q2 2026 revenue of $7.8 billion, beating the roughly $6.93 billion consensus, but the stock slid in after-hours trading after investors focused on sharply elevated capital expenditures and other liquidity concerns. Q1 capex had already hit $10.1 billion, with $7.7 billion tied to AI-related spending, and anal…