SPCX

SpaceX (SPCX) shares fell more than 2% on Friday, extending a volatile stretch that has erased the stock's post-IPO gains as investors continue debating whether Elon Musk's AI and space ambitions justify one of the world's richest valuations. The stock traded around $148, below its $150 listing price, after briefly soaring to a record closing high of $201.80 on June 16 following its blockbuster market debut.

SpaceX stock has been out for a month. But while backers of the company see big things ahead, it's been quiet so far.

SPCX combines reusable launch, satellite broadband and AI infrastructure, but returns hinge on execution, monetization and regulatory progress.

SPCX combines launch, Starlink and AI upside, but heavy spending, losses and valuation risk keep the near-term case balanced.

SPCX's outlook rests on Starlink???s cash flow and launch scale, while Starship testing, AI losses and high capital needs support a wait-and-see view.

Elon Musk became the world's first trillionaire this June when SpaceX went public.

SPCX's lower valuation, faster 2026 sales growth and expanding AI infrastructure strategy give it the edge over ASTS.

Elon Musk may have pitched ​a future where space powers AI, but Wall Street analysts say SpaceX's near-term value remains firmly tethered to Earth, where it ‌is building out the infrastructure underpinning the AI boom.

SpaceX stock has lost a quarter of its value since peaking on June 16 following the company's initial public offering. Due to equity investors' faith in CEO Elon Musk the company was valued at $1.8 trillion while its actual business – which burns billions in cash – strikes fear in the hearts of debt-holders, according to the New York Times.

China has successfully landed a reusable rocket booster for the first time. The country's Long March rocket has now matched Elon Musk's SpaceX and Jeff Bezos' Blue Origin.