SpaceX (SPCX) shares are about 29% below their record close of $201.80 on June 16, its third day of trading after an IPO at $135 per share in June, and sit near $144. The article compares this with Facebook, which also fell sharply after its 2012 IPO, closing at a low of $17.73 on Sept. 4, 2012. Facebook only passed its IPO price after its Q2 2013 report showed mobile at about 41% of ad revenue, and the stock jumped around 30% the next day. Unlike Facebook, which relied mostly on ads, SpaceX's third-quarter revenue rose 161% year over year to $14.6 billion, while it spent $48.1 billion on property, plant and equipment in the first nine months of 2026 against $13.1 billion in operating cash flow. Management expects first-quarter 2027 revenue of $33 billion to $37 billion, and at about $144 the company is valued near $2 trillion, roughly 14 times sales if that range holds for a full year. The author says Facebook's recovery alone is not enough reason to back SpaceX shares, and that SpaceX posting first-quarter 2027 revenue within management's range would change his view.
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META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 10/30/2026 | 614.98 |
| Change that session | -1.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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