Opportunity
The Motley Fool
SpaceX's stock, trading at $148, has seen limited growth since its IPO, up just 10% from its $135 debut price but below its first-day close of $150. Analysts remain optimistic, citing a median target price of $217, driven by a 92% year-over-year revenue increase in Q2 2026. This growth was fueled by SpaceX's xAI division, which has secured major contracts with Alphabet and Anthropic.
However, xAI remains unprofitable, and its losses continue to weigh on SpaceX's overall profitability. The company's long-term valuation depends on balancing its AI ambitions with its core rocket and Starlink businesses, which remain critical revenue drivers.
Investment implication: SpaceX's stock reflects both its growth potential and the risks tied to its diversified strategy. For you, the company's ability to scale xAI profitably while maintaining momentum in its core operations will be a key determinant of its valuation trajectory.