SpaceX Shares Fall 10.6% Ahead of Oct. 20 Q3 Earnings Release

SpaceX shares fell 10.6% between Oct. 12 and Oct. 16, extending a decline as investors approach the company's third-quarter results due after the market closes Tuesday, Oct. 20. SPCX closed at $146.03 on Oct. 16, down from $163.42 on Oct. 12. The Nasdaq Composite fell 4.5% for the week ended Oct. 16, while the S&P 500 lost 1.9%. Analyst forecasts put SpaceX's third-quarter revenue near $12.9 billion. The company reported $7.814 billion in revenue for the second quarter, up 92% from a year earlier, and a net loss of $541 million. SpaceX's AI segment generated $2.561 billion in second-quarter revenue and recorded a $1.257 billion operating loss. It also had $15.828 billion in capital expenditures and $1.146 billion in segment adjusted EBITDA.

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