SpaceX shares plunged 14% as investors raised concerns over the company’s aggressive AI spending plans, despite strong quarterly results. The stock decline coincided with reports of a SpaceX rocket part crashing into the Moon after drifting off course for nearly a year. Analysts drew a metaphorical link between the lunar impact and the company’s falling valuation.
Global Market: DBS raises full-year outlook as record Q2 profit beats estimates
DBS Group announced a robust nine percent increase in net profit for the second quarter, bolstered by a remarkable forty-two percent rise in wealth management
August 6, 2026