SpaceX (SPCX) commands a lofty valuation, driven by the 'Musk Premium' and high institutional interest, but faces skepticism over fundamentals. Starship delays are a key overhang, as its successful deployment is critical for cost reductions, new satellite constellations, and future growth. Starlink drives 62% of revenue with rapid user growth, but ARPU is declining and gross margins are pressured by high D&A and launch costs.
Anthropic is a pure play in what appears to be the faltering AI space. At least SpaceX (NASDAQ: SPCX | SPCX Price Prediction) has a rocket and an internet division.
SpaceX (NASDAQ:SPCX | SPCX Price Prediction) has reportedly locked in more than $8 billion in contracts tied to the Pentagon's Golden Dome missile-defense program, and by the accounting circulating in Washington, that gives the company roughly $8 billion.
SpaceX, trading at 93 times next year's estimated earnings, seems hardly the stock to unite both short-term-focused hedge-fund managers and more long-term-oriented mutual-fund managers.
An investor who bought $500 worth of SpaceX (NASDAQ: SPCX) stock on June 23 would now be sitting on a loss, as shares have retreated significantly from their post-IPO highs.
A trading expert has projected that SpaceX (NASDAQ: SPCX) stock is likely to trade near $300 in the first quarter of 2027, citing a bullish technical structure.
SpaceX SPCX shares gained 1.4% on Friday as investors weighed the rapid expansion of its Starlink satellite network, upcoming share unlocks and the company's significant capital spending requirements. The stock had fallen 3% on Wednesday and declined 4.1% on Thursday as another 319 million shares held by employees, early investors and other insiders became eligible for trading.
DZ Bank initiated coverage of SpaceX with a Sell rating and a $100 price target on August 21, 2026.
If you invested $1,000 in SpaceX (NASDAQ: SPCX) stock a month ago, you would now be holding about $1,165, reflecting the space company's gain of about 16% in the same period.
The Elon Musk-led rocket and AI company is landing lucrative contracts and benefiting from the Trump administration's deregulatory push.
SpaceX shares (SPCX) fell around 4.94% to $132.60 in early Thursday trading, pushing the stock below its $135 initial public offering price as another large batch of shares became eligible for sale. The decline comes after SpaceX defied expectations during its first major lockup expiration earlier this month, when more than 900 million shares became eligible for sale, but the stock instead rose sharply.
Early in its life as a publicly traded company, SpaceX stock has shown little correlation with other large tech stocks.