SpaceX’s 13th Starship Test Flight
SpaceX successfully completed its 13th test flight of the Starship rocket, achieving most objectives on [insert date]. The test included a soft splashdown in the Indian Ocean and the deployment of new Starlink satellites. However, the company’s stock fell over 4% in the first trading session following the launch, reflecting shareholder concerns about rising costs attributed to significant investments in artificial intelligence (AI) infrastructure.
In Q1 of 2026, SpaceX allocated 76% of its $10 billion capital expenditure to AI programs, raising skepticism among investors about the long-term profitability of this strategy. Despite Starlink generating roughly $3.2 billion in revenue during the same quarter, concerns over AI spending overshadowed the test flight’s success, as investors noted a growing trend of negative free cash flow in tech companies like Alphabet and Tesla, amplifying fears for SpaceX’s financial outlook.
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