SpaceX Just Guided for A $100 Billion Run Rate by December and $1 Trillion of Revenue by 2030. Here's Why the Stock Is Getting Crushed Anyway

SpaceX reported strong Q2 earnings with $7.8B revenue (92% YoY growth) and guided for $100B annual run rate by December and $1T revenue by 2030. However, the stock fell 11.2% in pre-market trading due to investor concerns about massive capital expenditures ($18.4B in Q2) and skepticism about achieving ambitious guidance, particularly regarding orbital data centers. A large tranche of insider shares also became eligible for sale, adding selling pressure.