More than 900 million SpaceX shares are set to unlock Thursday, more than doubling the publicly available stock in Elon Musk’s space and AI company, which has struggled since its record-breaking IPO just weeks ago.

SpaceX shares dropped on Wednesday after Elon Musk’s plans for blockbuster spending to position his AI and rocket company as a data centre developer spooked investors.

"We're building AI compute capacity at scale faster than anyone ⁠else, we believe, and we're significantly improving our AI models," Musk said on a post-earnings call.

By Joey Roulette WASHINGTON, Aug 5 (Reuters) - A SpaceX rocket piece floating in space since last year smashed into the moon at high speed early Wednesday morning, joining the ranks of meteoroids, wayward spacecraft and other pieces of space junk that have bombarded the lunar surface for ages,

A stray piece of a SpaceX rocket, the size of a school bus, has smashed into the Moon travelling at 8,690 kilometres per hour.

The Falcon rocket's upper stage, a cylinder more than 40 feet long, crashed into the moon at 5,400-mph.

Elon Musk issued a jaw-dropping revenue forecast, ridiculed the ease of building data centers compared to rockets, and envisioned factories on the Moon during SpaceX's first earnings call on Tuesday.

SpaceX reported a smaller loss than Wall Street expected along with a surge in revenue in its first quarterly report as a public company as it sharply boosted spending, particularly on artificial inte...

The stock is tanking early on Wednesday.