SpaceX

SPCX

Market cap $1.75T

SpaceX (SPCX) stock surged Friday after a major post-IPO lockup expiration failed to trigger the sell-off investors had feared. The company announced a $16.8 billion joint investment with Tesla in a massive Texas semiconductor facility called Terafab, creating at least 3,000 jobs.

In this Tech Corner, Rick Ducat breaks down SpaceX's (SPCX) first earnings report. Ducat examines SpaceX's expanding business model, Starlink's growing profitability, and the company's ambitious plans for cloud computing, Starship, and the proposed acquisition of Cursor.

SpaceX reports its first quarter as a public company, and Elon Musk says Starlink could deliver a majority of the world's internet within a decade.

The U.S. IPO market cooled in July following the record-shattering June. The month saw seven new issuers raise $3.0 billion in proceeds, a significant slowdown from the 19 deals and $97.9 billion priced in June that was skewed by the unprecedented SpaceX IPO. Looking at the six-month IPO backlog, 10 new issuers filed in July, bringing the total pipeline to 75 companies seeking to raise $3.2 billion in aggregate proceeds.

SpaceX has a lot of events over the next year that could affect the stock price. It took several years before Tesla delivered explosive performance.

Retail investors talked up five hot stocks during the week (Aug. 3 to Aug. 7) on X and Reddit's r/WallStreetBets, driven by retail hype, earnings, AI infrastructure momentum, and corporate news flow.

SpaceX (SPCX) inaugural earnings call following its blockbuster debut on Nasdaq sent “seismic” ripples across Wall Street. While investors digested the aerospace giant's eye-popping $15.8 billion artificial intelligence (AI) capital expenditure outlay and its bold operational roadmaps, Elon Musk made it clear where that capital is flowing.

SpaceX and Nvidia have long been partners. A glowing endorsement of Nvidia's products should calm investors' fears of rising competition.

Buying the dip in SpaceX (NASDAQ: SPCX) on the day Elon Musk lost his trillionaire status has yet to pay off, with the stock still trading below its June 23 level despite a recent rally.

SpaceX is rated a sell, as its $1.43 trillion equity value bakes in highly optimistic outcomes across Connectivity, Space, and AI segments. Starlink drives profitability, but declining ARPU and limited scale mean it cannot alone justify SpaceX's current valuation without extraordinary AI or space success. AI and Space segments are deeply unprofitable and capital-intensive, with AI contracts short in duration versus long-lived infrastructure commitments, raising risk.