Following SpaceX's (SPCX) first earnings report since going public, its stock price is plunging in early trading on the 5th.

As of 10:30 PM Korean time on the 5th, SpaceX shares are trading at $111.52, down 11% from the previous day.

Earlier, SpaceX announced its second-quarter earnings for this year on the 4th (local time). Revenue reached $7.8 billion (approximately 11 trillion won), surpassing the market forecast of $6.93 billion compiled by market research firm London Stock Exchange Group (LSEG). This represents a 92% increase compared to revenue of $4.1 billion in the same period last year.

On the profitability front, the company also exceeded market expectations. The operating loss for the second quarter was $143 million and the net loss was $541 million, both of which are evaluated as better than market projections.

Nevertheless, the continued stock price decline appears to be driven by concerns over increased capital expenditures related to the expansion of its artificial intelligence (AI) business. According to some foreign media outlets, investor sentiment contracted due to the expanded capital spending, leading to weakness in after-hours trading as well.

[※ This article is for reference only in making investment decisions and does not constitute a recommendation to buy or sell any specific stock or a solicitation for investment. The final judgment and responsibility for investments lie with the investor.]