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SpaceX ($SPCX) listed on the Nasdaq on June 12, 2026, and reported its first quarterly results as a public company this week. Capital expenditures jumped sixfold year-over-year to $18.4 billion in Q2, with the majority directed toward AI infrastructure — ahead of analyst expectations and enough to overshadow an otherwise expectation-beating quarter. Shares fell roughly 13%. The company now faces additional pressure as its IPO lockup period expires this week, freeing approximately 20% of shares for trading and giving early investors and insiders their first opportunity to sell. Follow for daily business and market news #spacex #spacexipo #elonmusk #elonmusk #businessnews