SpaceX Stock Looks Likely to Rally as All Operating Segments Drive Growth
Faisal Humayun Khan
Sat, August 8, 2026 at 7:30 PM GMT+5:30
4 min read
- SPAX.PVT
SpaceX (SPCX) stock went ballistic after its public debut on June 12, with the company briefly touching a $3 trillion valuation in mid-June. The euphoria was short-lived, however, and a deep correction ensued. SPCX stock currently trades 42% below its all-time high
That said, SPCX stock has likely bottomed out. One reason for this view is the company’s recent second-quarter results, which beat revenue and earnings estimates. SpaceX reported revenue of $7.8 billion, which was higher by 92% on a year-over-year (YOY) basis. For the same period, adjusted EBITDA swelled 191% YOY to $3.5 billion.
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Besides the headline numbers, there were several other positives in the report. SpaceX ended Q2 with a robust buffer of $100 billion in cash, cash equivalents, and marketable securities. This provides the company with ample flexibility for aggressive investments. SpaceX also reported a $47.5 billion order backlog, giving it revenue visibility, while all three operating segments showed healthy growth.
About SpaceX Stock
Headquartered in Starbase, Texas, SpaceX is a provider of launch services and satellite-based broadband globally. The company has three operating segments: Space, Connectivity, and Artificial Intelligence. Built with a mission to provide systems and technologies necessary to make life multi-planetary, SpaceX currently commands a market capitalization of $1.5 trillion
In the Space segment, the company has conducted approximately 650 launches in total. SpaceX also sports a market share of 80% in terms of global mass to orbit.
Meanwhile, in the Connectivity business, the company has “the world’s largest and most advanced high-speed, low-latency satellite internet network.” As of the end of Q2, Starlink reported 12 million subscribers with a per-month average revenue per user (ARPU) of $66.
Finally, the company’s AI segment was activated in 2023. SpaceX built a gigawatt-scale AI training cluster and largest coherent supercomputer in 2026. SpaceX also claims to be the only company “capable of building orbital AI compute at scale.”
