Britain just went on the record as the first foreign government to confirm it uses SpaceX's classified military satellite network, and that admission quietly unlocks a question every defense ministry has been watching: who signs the next contract?
SpaceX has landed another enormous AI customer, forcing investors to rethink what kind of company they are valuing. CFO Bret Johnsen said at Goldman Sachs' Communacopia + Technology Conference that SpaceX signed a compute-hosting agreement worth $1.11 billion a month from December 1.
SpaceX has carved out a dominant position in launch, satellite internet, and AI, but bulls at $148 are betting everything on a single number that could either justify a sky-high multiple or expose the entire thesis as wishful thinking.
While the early August earnings triggered no small amount of optimism and a strong rally away from the all-time lows, SpaceX (NASDAQ: SPCX) stock has nonetheless remained between its initial public offering (IPO) and day-one prices.
Space Exploration Technologies Corp. (SPCX) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript
SpaceX filed a lawsuit in Texas to block the release of Terafab tax-break records. The public has criticized tech companies building AI infrastructure for a lack of transparency.
A Wells Fargo analyst says SpaceX's wireless push will hurt carriers far less than investors fear, and the real beneficiaries may surprise anyone who assumed satellite and towers compete rather than cooperate.
SpaceX (SPCX) stock fell around 4% on Wednesday to around $147, giving back most of Tuesday's 3.7% gain as another major batch of shares became eligible for trading. The stock has nevertheless gained more than 7% over the past month.
As Space Exploration Technologies Corp. (NASDAQ: SPCX) stock struggles with the company's massive disconnect between its expected revenue for 2026 of between $22 billion and $30 billion and its speculative valuation of approximately $2 trillion on September 8, 2026, Jeffrey Wlodarczak, a Wall Street analyst at Pivotal Research, believes that Starship reusability is the fundamental engineering bottleneck that must be solved.
SpaceX (NASDAQ: SPCX) could be positioned for further gains after attracting more than $7 billion in institutional inflows over the past year.
SpaceX (NASDAQ:SPCX) stock is up 4% so far in September, trading at $147.95 at press time, on September 7. With new SpaceX share unlocks now on the horizon, however, the price could potentially experience some volatility in the coming weeks.
Orbital data centers could be the next frontier in the massive AI buildout, but the timeline remains uncertain SpaceX CEO Elon Musk is aiming for a launch in late 2027. However, experts say significant scale is more likely to come in the 2030s