SpaceX (SPCX) listed on June 12 at $135 per share, hit a record high of $211.39 on June 16, and now trades at about $145. Revenue rose 33% to $18.67 billion in 2025, and Elon Musk has said the company could reach $1 trillion in revenue by 2030. At its peak, the market cap reached $2.64 trillion, or 58 times the $45.3 billion in 2026 revenue analysts expected, while rising interest rates and Treasury yields pushed investors toward safer assets. In the first half of 2026, Starlink's $2.84 billion operating profit was offset by operating losses of $1.20 billion in space and $3.73 billion in AI. The author says he would not buy if the stock dips slightly below its IPO price, but would consider a small speculative long-term position if it falls much lower.
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- Elon Musk promised a SpaceX share to every kid in America — don’t hold your breath
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SpaceX (SPCX) shares have risen about 35% from their August low as investor confidence grows, though they remain roughly 10% below their first-day closing price. The company's second-quarter report showed revenue up 92% year over year and a net loss cut almost in half. Starlink subscriptions doubled to 12 million, with more than 11,000 satellites in orbit, while xAI revenue rose 247% and it signed multiyear contracts with Alphabet and Anthropic. The author argues that a price-to-sales multiple of 68, far above the S&P 500's average of 3.8, does not justify the risk given a major lockup ending in December and the company's lack of profit, though he would consider buying at a different valuation.
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SpaceX (SPCX) trades about 15% above its $135 IPO price, after an IPO that raised more than $85 billion and valued the company at around a trillion dollars, though the stock has at times fallen below that price. Starlink is the biggest revenue driver, with revenue up 65% and subscribers doubling, while the AI unit is the biggest drag, with AI capex of $15 billion in the latest quarter against total company revenue of about $7 billion. The author reviewed the 10 biggest U.S. IPOs from 1999 through 2023 and found that eight declined one year after debut, seven of them by double digits, with an average drop of 12%. The author says most investors should wait a few more quarters for earnings visibility, but would not avoid the stock solely because history suggests it may fall.
- ABC Business - WOND
Elon Musk, the world's wealthiest person, on Monday vowed to give every child in the U.S. a share of SpaceX, a company valued at nearly $2 trillion, starting next year. Based on an estimated 73 million children under 18 and a share price of about $150, the giveaway would total nearly $11 billion, or about 1.2% of Musk's $908.5 billion net worth. Musk did not say how or when the shares would be distributed or what age cutoff would apply. The pledge came as Anthropic announced a Public Benefit Fund holding 5% of its shares and the OpenAI Foundation planned to invest $1 billion over a year, amid concerns about AI's effects on jobs and the economy.
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