SpaceX (NASDAQ:SPCX) shares drop as 86% of capex committed to AI expansion
Space Exploration Technologies Corp. dropped by up to 9.8% in early trading on Wednesday. Premarket trade on Nasdaq was brisk, though regular market hours had not yet begun.

NVIDIA Corporation saw its market value rise by around $177.6 billion on Wednesday. The increase followed SpaceX opting to rely solely on NVIDIA chips.
Today’s highest-ranked model selections.
The catalysts most likely to move markets.
A surprise around the 0.10 forecast could shift the morning growth narrative and influence Treasury yields and the dollar before the opening bell.
The day’s largest scheduled equity report can move PDD and the broader China-internet / e-commerce complex through revenue growth, margins and Temu commentary.
Deliveries, margin progression and spending on AI-enabled mobility can affect U.S.-traded Chinese EV names and related technology suppliers.