Meta, Tesla, SpaceX and Netflix prepare quarterly earnings amid AI spending scrutiny

Meta plans up to $145 billion in 2026 equipment and data center spending, with $31.1 billion spent in Q2 leaving $784 million in free cash flow; its shares fell over 7% after profit missed estimates. SpaceX spent $18.4 billion in Q2, $15.8 billion on AI, and posted a $541 million loss, though its AI unit turned a $1.1 billion adjusted profit. Tesla delivered 486,532 cars in Q2 but earned $0.33 per share against a $0.55 estimate, with margins slipping. Netflix forecast $12.86 billion in revenue and about $3 billion in 2026 ad sales.