SPCX logo

Space Exploration Technologies Corp. Stock Price

NasdaqGS:SPCX Community·US$1.9t Market Cap
  • 6 Narratives written by author
  • 3 Comments on narratives written by author
  • 262 Fair Values set on narratives written by author

SPCX Share Price Performance

US$145.30
145.30 (0.00%)
US$135.00
Fair Value
US$145.30
145.30 (0.00%)
7.6% overvalued intrinsic discount
US$135.00
Fair Value
Price US$145.30
QuanD US$135.00
Janpeo US$28.55
browser US$0.46

SPCX Community Narratives

Fair Value
·
Fair Value US$135 7.6% overvalued intrinsic discount

Making sense of 1.75 trillion IPO

1users have liked this narrative
1users have commented on this narrative
30users have followed this narrative
Fair Value
·
Fair Value US$28.55 408.9% overvalued intrinsic discount

The trap for retailers that can evaporate more than 80% of the value.

2users have liked this narrative
0users have commented on this narrative
17users have followed this narrative
Fair Value
·
Fair Value US$0.46 31.5k% overvalued intrinsic discount

SpaceX: A Sober Look at Catalysts, Risks, and Long‑Term Value After the IPO

3users have liked this narrative
0users have commented on this narrative
15users have followed this narrative
US$50
190.6% overvalued intrinsic discount
Fair Value
Profit Margin
10.55%
Future PE
16.5x
Price in 2031
US$160.15
US$0.46
31.5k% overvalued intrinsic discount
Fair Value
Set with the author's own calculation method
US$28.55
408.9% overvalued intrinsic discount
Fair Value
Profit Margin
10.55%
Future PE
20x
Price in 2029
US$35.08
US$135
7.6% overvalued intrinsic discount
Fair Value
Using Simply Wall St Future Multiple Valuator, for the stock to be Fairly Value today and be worth the offering price at US$135/share: - Approx. US$313B Revenue in 10 years - Net profit margin at 40% — Net income ~US$125B - PE multiple in 10 years at 30x (to deserve this multiple they would still grow earnings at around 10% in year 10) — Future market cap ~US$3.75T
US$135
7.6% overvalued intrinsic discount
Fair Value
Profit Margin
10.67%
Future PE
16.76x
Price in 2031
US$197.63

Trending Discussion

Updated Narratives

SPCX logo

WHY YOU SHOULD NOT BUY THE SPACEX IPO

Fair Value: US$50 190.6% overvalued intrinsic discount
9 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
SPCX logo

SpaceX: A Sober Look at Catalysts, Risks, and Long‑Term Value After the IPO

Fair Value: US$0.46 31.5k% overvalued intrinsic discount
15 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
SPCX logo

The trap for retailers that can evaporate more than 80% of the value.

Fair Value: US$28.55 408.9% overvalued intrinsic discount
17 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Exceptional growth potential with mediocre balance sheet.

2 Risks
2 Rewards

Space Exploration Technologies Corp. Key Details

US$19.3b

Revenue

US$9.9b

Cost of Revenue

US$9.4b

Gross Profit

US$18.8b

Other Expenses

-US$9.4b

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
-0.71
48.83%
-48.47%
70.0%
View Full Analysis

About SPCX

Founded
2002
Employees
22000
CEO
Elon Musk
WebsiteView website
www.spacex.com

Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. The company's Connectivity segment operates a high-speed, low-latency broadband network powered by various Starlink satellites in low-earth orbit, delivering connectivity to various consumer, enterprise, and government customers through its Starlink offering. Its Space segment designs, manufactures, and launches reusable rockets to provide access to space. It offers launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon. The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise customers; X, a real-time information, entertainment, and free speech platform; and AI computational infrastructure. The company was founded in 2002 and is based in Starbase, Texas.

Recent SPCX News & Updates

Seeking Alpha Jul 10

SpaceX: The IPO Hype Is Fading - Why Shares' True Value May Be Less Than Half Its Market Cap

Summary SpaceX is rated Sell with a $64/share price target, citing an unsustainable $1.95t valuation and excessive 327.72x EV/aEBITDA multiple. SPCX’s growth is driven by major AI data center hosting agreements and defense contracts, but long-term AI TAM assumptions are increasingly questioned. The recent $60b Cursor acquisition and Grok 4.5 launch position SPCX for enterprise AI, yet profitability faces headwinds from launch costs and rising debt. While orbital data center ambitions and vertical integration offer upside, intensifying competition and uncertain execution challenge SPCX’s premium valuation. Read the full article on Seeking Alpha
New Narrative Jul 02

WHY YOU SHOULD NOT BUY THE SPACEX IPO

Originally posted on June 5th 2026 on the Woodworth Contrarian Fund News Page: https://www.woodworth.fund/news/why-you-should-not-buy-the-spacex-ipo Brought to you by The Millegans & The Woodworth Contrarian Fund Sisyphus of Wall Street & The Weight of Hype: Why chasing marquee allocations is a rigged game—and what contrarians do instead. Overview: Biggest IPO ever… for whom?

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