As an abandoned SpaceX rocket crashes into the moon, Elon Musk’s science-fiction ambitions are on their own collision course with Wall Street.
SpaceX shares fell as much as 11% in after-hours trading despite the company delivering an earnings beat on Tuesday, as investors expressed anxiety over the astronomical bill for Musk’s vision of an AI-powered, space-bound future.
The rocket company, which raised a record-breaking $86 billion in its June IPO, reported that quarterly revenue had soared 92% from a year earlier to $7.8 billion, above analyst expectations.
SpaceX also nearly halved its net loss to $541 million, and reported surging revenue…
