---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX's Capex Shock Overshadows a Blowout Quarter"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000836145.md"
description: "$SpaceX(SPCX.US) just delivered its first earnings report as a public company, and investors couldn't decide whether to celebrate or panic. Revenue nearly doubled to $7.8B, crushing estimates, and the..."
datetime: "2026-08-05T03:03:27.000Z"
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  - [en](https://longbridge.com/en/topics/100000000836145.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000836145.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000836145.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX's Capex Shock Overshadows a Blowout Quarter

$SpaceX(SPCX.US) just delivered its first earnings report as a public company, and investors couldn't decide whether to celebrate or panic. Revenue nearly doubled to $7.8B, crushing estimates, and the stock rallied 9% intraday, only to reverse and slide about 9% after hours once investors clocked $18.4B in quarterly capex, far above expectations. Elsewhere, $Dow(DOW.US) closed above 54,000 for the first time ever, and $Palantir Tech(PLTR.US) soared 29% on blowout results. Let's dig in 👇

**💬 Is** $SpaceX(SPCX.US) **capex the cost of ambition, or a warning sign?**

## 📊 **Quick Recap — What Moved & Why**

### 🇺🇸 **US — SpaceX's Reversal, Records All Around**

🔑 **Key Event:** $SpaceX(SPCX.US) reported its first results as a public company Tuesday: revenue of $7.81B beat estimates by a wide margin, up 92% YoY, while its net loss narrowed sharply to $541M from $1B a year ago. **Shares had rallied about 9% during the regular session as part of a broad market rally, but reversed hard after hours, falling roughly 9% to around $114, after investors focused on $18.4B in quarterly capex (nearly 6x higher than a year ago) rather than the earnings beat itself.**

#### 👀 **Other to Watch**

-   **US indexes** → $Dow Jones Industrial Average(.DJI.US) closed above 54,000 for the first time (54,085.88, +1.71%), with the $S&P 500(.SPX.US) (7,736.51, +1.79%) and $NASDAQ Composite Index(.IXIC.US) (26,584.99, +2.59%) also hitting records, lifted by earnings euphoria and hopes for an oil-price truce.
-   $Palantir Tech(PLTR.US) **+29.5%** → its biggest one-day gain since February 2024, after Q2 revenue jumped 93% to $1.94B and the company raised full-year guidance to $8.15-8.16B; CEO Alex Karp framed the results around AI "sovereignty," urging companies to keep control of their own data and models.
-   $AMD(AMD.US) → beat on revenue (+50% to $11.54B) and EPS, and even guided Q3 revenue above consensus, but shares still fell about 8.9% after hours on a gross-margin miss (54% versus a 56% consensus) tied to costs from ramping its Helios AI infrastructure.
-   $Caterpillar(CAT.US) → topped $20B in quarterly revenue for the first time (+24% to $20.5B), beat EPS estimates by nearly $2, and raised its full-year outlook on a record $72.1B backlog, partly driven by data-centre power-generation demand.
-   **Also reporting** → $Pfizer(PFE.US) beat and raised its full-year revenue floor to $60.5B; $Snap(SNAP.US) jumped on a World Cup-driven ad boost, with analysts calling its low subscriber-conversion rate room to grow rather than a weakness; $McDonald's(MCD.US) slid to a 52-week low as slowing US same-store sales and falling domestic traffic overshadowed the headline numbers, prompting the company to name Skye Anderson to head its US business.

### 🇸🇬 **Singapore — STI Flattens Out After a Four-Day Slide**

🔑 **Key Event:** $FTSE Straits Times Index(STI.SG) closed roughly flat at 5,612.25 on Tuesday, capping a fourth straight session of losses that has shaved more than 100 points (1.7%) off the index, even as the outlook brightens on falling oil prices and hopes for a Middle East de-escalation.

#### 👀 **Other to Watch**

-   **Banks** → $DBS(D05.SG) firmed to S$74.45 on Monday while $OCBC Bank(O39.SG) and $UOB(U11.SG) eased slightly, as the sector's momentum cooled into Tuesday's flat STI close.

### 🇭🇰 **HK/China — Bank Rotation Drags the Index, Innolight Whips Around**

🔑 **Key Event:** Hong Kong diverged sharply from Wall Street's rally on Tuesday: $Hang Seng Index(00HSI.HK) fell 0.60% to 25,852.92 and $Hang Seng China Enterprises Index(HSCEI.HK) fell 0.90%, dragged by a rotation out of high-dividend mainland bank shares, even as $Hang Seng TECH Index(STECH.HK) rose 0.21% on strength in AI-hardware and optical names. That divergence continued into Wednesday morning, with the broader indexes little changed while Zhongji Innolight reversed hard, giving back much of Tuesday's 17% surge.

#### 👀 **Other to Watch**

-   **Zhongji Innolight (** $ZJ INNOLIGHT(03308.HK) **)** → swung from a 17% surge Tuesday to a decline of nearly 15% Wednesday morning, as the optical-component trade that drove Tuesday's HSTECH gains reversed hard.
-   **HSBC (**$HSBC HOLDINGS(00005.HK) **/** $HSBC Holdings Plc(HSBA.UK) **)** → reported H1 pretax profit of $19.5B, up 23% YoY (Q2 alone was up 60%), and resumed a $1B share buyback for the first time since pausing in October 2025 to fund the Hang Seng Bank privatization; shares still fell about 1% on results day.
-   **SHEIN** → is targeting a $30-40B valuation for a Hong Kong IPO, with pre-deal investor meetings already underway, according to Reuters.

### 🌍 **Other**

-   **Oil** → Brent and WTI both fell more than 5% Tuesday (WTI to $75.77, Brent to $79.36) after US Treasury Secretary Bessent said a deal to reopen the Strait of Hormuz could come within two days; Iran's government has publicly denied any such talks are taking place, so treat the rumor with caution.
-   **Fed** → Kansas City Fed's Jeffrey Schmid said tighter policy is still needed to bring inflation to 2%, warning that AI-driven investment is "pushing up inflation in a way the Fed can't ignore" and questioning whether the sector risks becoming "another too big to fail."
-   $Amazon(AMZN.US) → crossed a $3 trillion market cap for the first time on Monday, joining the small club of companies to reach that milestone.

## 📅 **Key Events This Week**

-   🇺🇸 $Sandisk(SNDK.US) & $Western Digital(WDC.US) Q4 FY2026 earnings · tonight, after Aug 5 US close
-   🇸🇬 $DBS(D05.SG) Q2/H1 2026 results · Thursday Aug 6
-   🇸🇬 $OCBC Bank(O39.SG) & $UOB(U11.SG) Q2/H1 2026 results · Friday Aug 7
-   🇺🇸 US July jobs report · reportedly due Friday Aug 7
-   🇸🇬 SGX Group FY2026 results · Thursday Aug 6
-   🇺🇸 July CPI · reportedly due around Aug 12-13
-   🌍 Strait of Hormuz talks · watch for confirmation or denial this week, oil driver

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: August 5, 2026, 11:59 PM SGT  
Not investment advice, just market talk 🙏

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## Comments (56)

- **Fattycat · 2026-08-05T12:20:15.000Z**: Gold is flying since this morning 💪🏽🚀🚀🚀
- **NewUser_oPJWOU · 2026-08-05T12:18:36.000Z**: AMD reported Q2 2026 revenue of $11.54bn, up 50% year-over-year, driven primarily by a doubling in Data Center revenue and sustained gains in Client CPUs. Despite strong server CPU momentum and major customer collaborations for upcoming MI455X rack-scale shipments, the market remains cautious becaus
- **Pingu · 2026-08-05T11:41:15.000Z · 👍 1**: Keeping an eye on the bank earnings, the US jobs report, and any updates on the Strait of Hormuz. This week could influence market sentiment across financials, tech, and energy, so volatility may create both risks and opportunities for investors.
- **NewUser_ThinkSwim · 2026-08-05T11:02:42.000Z · 👍 1**: SPCX is now at a better price compared to before earnings. If the market rallies and you like spaceX as a company can slowly dca into the stock. Personally I would like traditional companies with high free cash flow.
- **koolgal · 2026-08-05T10:18:57.000Z · 👍 1**: 🌟🌟🌟The big news for me today was $DBS(D05.SG)latest earnings report.  Total income managed to scrape its way to a record SGD 5.95 billion.  However while the headline looked beautiful, the stock experienced a sharp sudden pullback from its all time highs of almost SGD 75.The primary cause of the dip
- **Newbee2025 · 2026-08-05T08:41:20.000Z · 👍 1**: If you're investing for 5–10 years, I still think Palantir is one of the highest-quality AI software companies. However:I wouldn't chase a huge rally after earnings.I'd prefer buying gradually on pullbacks of 10–20%, rather than investing a large lump sum at current levels.
- **LazyCat · 2026-08-05T08:17:09.000Z · 👍 1**: Staying true to it's nature of business, the price of SpaceX shot to the 9 moons for its revenue beat and it duely returned for "reuse". The much delayed reaction to the capex concern is surreal unlike the vicious falls for some big techs. Hope those who bought in during the regular session 
- **Tiffany lover · 2026-08-05T07:26:33.000Z · 👍 1**: SpaceX's first earnings report released on Tuesday: revenue of $7.81 billion significantly exceeded expectations, up 92% year-on-year, while net loss narrowed from $1 billion in the same period last year to $541 million. Driven by the broader market, the stock rose approximately 9%.However, after ho
- **NewUser_Unm6i · 2026-08-05T07:12:52.000Z · 👍 1**: SpaceX’s revenue doubled is very surprising. Dow and Palantir Tech increase than its usual reported.Suddenly Caterpillar’s revenue is reported topped $20B.  Now, the key events are about SanDisk, Western Digital, and local banks. Will Singapore economy improve?
  - **Fattycat** (2026-08-05T09:07:07.000Z): Yes. DBS at 73.62 now. Are we not strong? Our economy sure improve ☺️. Our 3 big banks are well known for this stability. Singapore holds the highest AAA sovereign credit ratings. More institutional f
- **hectic · 2026-08-05T06:06:41.000Z · 👍 1**: i think that investors are looking at the right things such as AI capex getting higher and the price correcting downwards makes sense. for SPCX, it might require a longer time horizon to be a good investment, especially considering that there will be many shares flooding the market after friday
- **FaithAnchor · 2026-08-05T05:33:21.000Z · 👍 2**: Fed’s Schmid sees AI capex fuelling inflation. Provoking thought: if AI forces higher-for-longer rates, could the technology driving productivity today become the catalyst behind tomorrow’s valuation reset?
- **Lemonade · 2026-08-05T05:15:43.000Z · 👍 2**: Global equities present a sharp divergence between top-line expansion and underlying costs.  While historic milestones like the Dow clearing 54,000 and Amazon hitting $3 trillion signal macro liquidity, aggressive AI and infrastructure capex are heavily penalising earnings-day valuations. Capital is
- **NewUser_CkrdqW  · 2026-08-05T04:57:14.000Z · 👍 1**: The S&P500 closed with a new record high as tech stocks lead the rally. Sg STI on the other hand, has fallen for the 4th consecutive day, losing more than 1.7% as banks cool down ahead of their earnings. Oil starts to drop with peaceful talks happening over the past week with lesser known attack
  - **Fattycat** (2026-08-05T05:13:54.000Z): Peaceful talks have been going on since March. No concrete and meaningful peace deal has taken place. TACO always back off and now he is asking Bessent to help him. Will it happens again? Il🤔…😆
- **Victor y · 2026-08-05T04:36:41.000Z · 👍 2**: SG Market - Earnings Week for Singapore Banks - STI remains in a healthy uptrend despite recent consolidation, with this week's earnings from DBS, OCB, and UOB expected to set the tone for the market's next move.Strong results and optimistic guidance could reignite bullish momentum and push the inde
- **Fattycat · 2026-08-05T04:16:27.000Z · 👍 2**: Michael Burry says the stock market is "near a major top, and we could see a drop similar to 1987." Do you agree?My opinion : Most major markets are trading close to record highs now, except HK stock market. Future gains will have to come mainly from earnings growth and not from valuations t
- **Rainwijaya · 2026-08-05T04:08:37.000Z · 👍 2**: Curious to see if DBS can continue delivering resilient earnings after such a strong run. The commentary on credit quality, deposits and capital return could matter more than the headline profit numbers.
  - **Fattycat** (2026-08-05T04:27:14.000Z): Expectations are running very high right now, DBS has price-to-book ratio of 3x.DBS really needs to deliver strong results tomorrow. If it disappoints, OCBC and UOB will likely get punished too before
- **dingdongbell · 2026-08-05T04:07:43.000Z · 👍 2**: It has been a good response from the market since the lows last week. It held those lows and is making higher highs on the smaller timeframes. Encouraging indeed.
- **TheRaccoonAnalysis · 2026-08-05T03:44:09.000Z · 👍 2**: SpaceX delivered a strong debut as a public company, with revenue nearly doubling year over year and losses narrowing significantly, reflecting continued business expansion. However, investors shifted attention to the sharp rise in capital expenditure, suggesting concerns over near-term cash flow, e
- **melph · 2026-08-05T03:42:23.000Z · 👍 2**: AMD's latest earnings reinforced its position as one of the leading AI chip companies, with strong demand for its data centre GPUs and continued growth in AI-related revenue. Management remains optimistic about the expanding AI market, although investors will be watching whether AMD can keep gaining
- **relf · 2026-08-05T03:40:50.000Z · 👍 2**: Really one of a kind company. But at current valuations, might be better off to wait for the unlocking of shares to come through first.
  - **Vt3** (2026-08-05T03:53:57.000Z): I tot to do the same too already made losses in anyway you do still losses ya


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**