News & Updates
The latest news and updates from companies in the WLTH portfolio.
Raymond James sets $800 price target on SpaceX, valuing company at $10.5 trillion
The Street-high target implies a 450% upside and would make SpaceX worth more than any company in history, and its 18,712 BTC treasury adds a crypto wrinkle worth watching. A Wall Street analyst just looked at SpaceX and essentially said: "This company should be worth more than the entire GDP of Japan." Raymond James analyst Brian Gesuale initiated coverage of SpaceX with a Strong Buy rating and an $800 price target, implying a market capitalization of roughly $10.5 trillion. The current Street-high target represents a potential 425-450% upside from SpaceX's recent trading levels around $145 per share. The numbers behind the moonshot thesis Gesuale's model projects SpaceX generating over $837 billion in revenue by 2031, with $696 billion in EBITDA. The analyst used a 27x exit multiple on discounted cash flows from 2031 to arrive at the $800 figure, anchoring the thesis to what he estimates is a total addressable market approaching $30 trillion in the long term. SpaceX debuted on public markets via the SPCX ticker in mid-June 2026. Shares initially surged more than 40%, pushing the company's market cap to approximately $2.5 trillion before the inevitable profit-taking set in. The stock has since pulled back to a 52-week low range of $138-$145. The bull case rests on SpaceX's positioning as what Gesuale calls a crucial industrial infrastructure player of the 21st century. Between Starlink's satellite internet constellation, the company's dominant launch services business, and the upcoming Starship launch planned for July 16, 2026, there's no shortage of catalysts on the calendar. The Bitcoin treasury angle crypto investors should watch Buried in the analyst note is a detail that bridges the gap between traditional aerospace investing and digital asset markets: SpaceX holds a confirmed 18,712 BTC on its balance sheet. That figure exceeds earlier estimates from prior blockchain tracking services, suggesting SpaceX has been quietly accumulating Bitcoin beyond what public trackers had identified. SpaceX's recent acquisition of xAI, the artificial intelligence company Musk founded in 2023, adds another dimension. The deal, completed in early 2026, combined with ongoing compute collaborations with Tesla, positions SpaceX at the intersection of space infrastructure, AI, and potentially decentralized compute networks. What this means for investors on both sides of the aisle For crypto investors, SpaceX's 18,712 BTC treasury means that every institutional dollar flowing into SPCX shares is, in a fractional sense, also a bet on Bitcoin. If Gesuale's thesis attracts even a portion of the capital it implies, the downstream effects on BTC demand through corporate treasury expansion could be material. If SpaceX's valuation compresses, management might face pressure to liquidate Bitcoin holdings to shore up the balance sheet. That scenario would create selling pressure in crypto markets at precisely the wrong moment. The Starship launch on July 16 will be the first real test of whether SpaceX can deliver on the kind of operational milestones that justify even a fraction of Gesuale's projections.
How to Spot a Stock Market Bubble 101: Raymond James Just Placed an $800 Price Target on SpaceX, Valuing Elon Musk's Company at $10.5 Trillion
One month ago, on June 12, Elon Musk's artificial intelligence (AI) and space economy conglomerate, Space Exploration Technologies (SpaceX) (NASDAQ: SPCX), rewrote history with its initial public offering (IPO). The $85.7 billion raised, including the underwriters' overallotment, nearly tripled the previous IPO record holder, Saudi Aramco. But in kicking off IPO mania -- large language model developers Anthropic and OpenAI are expected to follow in SpaceX's footsteps -- SpaceX may also be fueling the final stages of an AI bubble that history suggests is waiting to pop. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks " Rarely are stock market bubble warning signs as glaring as Raymond James Financial's price target assigned to SpaceX. Image source: Getty Images. Wall Street's high-water price target foresees SpaceX reaching $800 in 2031 Given that 21 underwriters helped bring SpaceX public and received shares for doing so, it should come as no surprise that Wall Street analysts have, as a whole, presented an overwhelmingly positive outlook for the company. But Raymond James Financial analyst Brian Gesuale is a true outlier. His $800 price target by 2031 implies 451% upside, based on where SpaceX's shares ended on July 10, and assumes a valuation of roughly $10.5 trillion. For context, this would be more than double Nvidia's current market cap. Gesuale foresees SpaceX's full-year sales scaling from an estimated $38.5 billion in 2026 to approximately $837 billion by 2031. More importantly, earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to catapult from $17.7 billion in 2026 to $696 billion by 2031. While there's no question that AI and the space economy are two of the hottest addressable opportunities on Wall Street, several headwinds suggest Gesuale's pie-in-the-sky price target is pure fiction and the sign of an end-stage bubble that's about to burst. Image source: Getty Images. SpaceX spotlights everything wrong with Wall Street Although the stock market is a long-term wealth-creating machine, it's prone to occasional bubble-bursting events. SpaceX's current $1.91 trillion valuation and Raymond James' $800 price target for the company spotlight everything that's wrong with Wall Street over the short term. For starters, SpaceX hasn't demonstrated that its operating model is sustainable. While satellite-based broadband services provider Starlink is profitable, AI start-up xAI -- the segment responsible for the lion's share of SpaceX's $28.5 trillion addressable market -- is burning cash as Musk's company chases AI compute capacity. Elon Musk also has a terrible track record of fulfilling lofty promises and innovative expectations. As CEO of Tesla, Musk proclaimed that 1 million robotaxis would be on public roads by the end of 2020, which never happened. He's also assured investors that Level 5 full self-driving is "one year away" annually for more than a decade. Musk continually overpromises and underdelivers. SpaceX is likely to be haunted by historical precedent, as well. No company at the forefront of a game-changing technology has sustained a price-to-sales (P/S) ratio above 30 for any extended period. SpaceX is trading at roughly 50 times Gesuale's forecast sales for this year. Lastly, every game-changing technology for more than three decades has navigated an early stage bubble-bursting event. These bubbles have formed because investors constantly overestimate the optimization timeline of innovations. It'll likely be years before SpaceX's solutions are optimized, making Raymond James' high-water price target highly unlikely. Should you buy stock in Space Exploration Technologies right now? Before you buy stock in Space Exploration Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Space Exploration Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $395,679!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,294,805!* Now, it's worth noting Stock Advisor's total average return is 929% -- a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of July 14, 2026. Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia and Tesla. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
SpaceX (SPCX) Stock Plummets 40% as Cathie Wood Continues Buying Amid Market Concerns
* SPCX shares declined to $136.78 on Monday, barely holding above the $135 IPO level after reaching $225.64 in mid-June * China successfully recovered a Long March rocket booster on July 10, sparking competitive fears in reusable space launch tech * Cathie Wood's ARK Invest acquired $21.3 million of SPCX shares Monday through three ETFs, after buying $52M the prior week * An upcoming lockup expiration -- unlocking 20% of shares post-August earnings -- is creating downward pressure * The company carries a valuation approaching 50x projected 2026 revenue with no expected profitability this year Space Exploration Technologies Corp. (SPCX) has witnessed a dramatic 40% decline from its June 16 peak of $225.64, settling at $139.14 on Monday -- a downturn that's captured significant market attention despite overwhelmingly positive analyst sentiment. Space Exploration Technologies Corp., SPCX The aerospace company debuted at $135 per share on June 11, jumped to $150 within 24 hours, and climbed as high as $225.64 before entering a steep correction. Monday's intraday low of $136.78 brought the stock perilously close to breaching its initial offering price. Tuesday's premarket session showed SPCX down an additional 0.4% to $138.61. Yet analyst conviction remains strong: 80% maintain Buy ratings on the stock -- significantly above the typical S&P 500 consensus of 55%-60%. The mean price target hovers around $240, suggesting a potential market capitalization near $3.2 trillion. Evercore ISI initiated coverage Tuesday with a Buy recommendation and $230 target. The market response was muted. Chinese Reusable Rocket Breakthrough On July 10, China demonstrated successful recovery of a Long March booster using a ship-based cable system -- a notable achievement in reusable launch vehicle technology that caught investors' attention. SpaceX has maintained unquestioned leadership in this critical competitive advantage, forming a cornerstone of the investment thesis. This Chinese demonstration suggests the technological moat may be narrowing, despite SpaceX maintaining superior scale and operational capabilities. Share Lockup and Premium Valuation A technical headwind is compounding selling pressure. Following the company's inaugural quarterly earnings release -- anticipated mid-August -- approximately 20% of total outstanding shares will exit lockup restrictions. This substantial supply increase is prompting some shareholders to exit positions preemptively. Valuation concerns persist as well. With a current market capitalization around $1.8 trillion yet no anticipated profitability through 2026, SpaceX commands roughly 50 times forecasted 2026 sales -- an elevated multiple even accounting for robust growth projections. ARK Invest Accumulates Shares Contrarian activity emerged Monday as ARK Invest acquired 130,241 SPCX shares -- approximately $21.3 million -- distributed among ARKK, ARKQ, and ARKW funds. This follows the previous week's $52 million accumulation. The aggressive buying hasn't reversed the downtrend. Technical analysis shows deteriorating momentum with the MACD indicator turning bearish. Market observers identify $145 as a new resistance zone after previously serving as support. A definitive close beneath $135 would represent a significant technical breakdown below the IPO threshold -- a psychologically important marker for market participants. As of Tuesday morning, SpaceX was changing hands at $138.61.
SpaceX shares are struggling. Evercore ISI still says it's 'too compelling to ignore'
SpaceX has a lot to prove following its record-smashing initial public offering, but its shares -- even as they're sliding -- have too much upside potential to pass up on, according to Evercore ISI. The investment firm initiated coverage of the space technology name with an outperform rating. It also put a $230 price target on shares, suggesting 65% upside from Monday's close. "The upside skew is too compelling to ignore," analyst Kutgun Maral said Tuesday in a note. "While one can debate the feasibility of certain ambitions and timelines, we don't think there's a debate that this is an extraordinary company on a real path to reshaping the future of humanity." Shares have fallen nearly 7% over the past five days amid concerns about its valuation and lofty ambitions. It has also tumbled more than 38% since hitting a peak of $225.64. SPCX 1M mountain SPCX 1-mo chart However, if SpaceX can follow through on several of its projects, including the roll out of heavy-lift launch vehicle Starship by the end of this year, its setup should remain compelling, per Maral. Other key goals for the firm include scaling Starlink broadband and paving a path for Grok to gain ground in the hyper-competitive artificial intelligence market. "Growth can accelerate rather than fade as the decade wears on," Maral wrote. Evercore ISI's call falls in line with consensus on the Street. Of the 31 analysts covering SpaceX, 26 have a buy or strong buy on the stock, LSEG data shows.
How to Spot a Stock Market Bubble 101: Raymond James Just Placed an $800 Price Target on SpaceX, Valuing Elon Musk's Company at $10.5 Trillion
One month ago, on June 12, Elon Musk's artificial intelligence (AI) and space economy conglomerate, Space Exploration Technologies (SpaceX) (NASDAQ: SPCX), rewrote history with its initial public offering (IPO). The $85.7 billion raised, including the underwriters' overallotment, nearly tripled the previous IPO record holder, Saudi Aramco. But in kicking off IPO mania -- large language model developers Anthropic and OpenAI are expected to follow in SpaceX's footsteps -- SpaceX may also be fueling the final stages of an AI bubble that history suggests is waiting to pop. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Rarely are stock market bubble warning signs as glaring as Raymond James Financial's price target assigned to SpaceX. Wall Street's high-water price target foresees SpaceX reaching $800 in 2031 Given that 21 underwriters helped bring SpaceX public and received shares for doing so, it should come as no surprise that Wall Street analysts have, as a whole, presented an overwhelmingly positive outlook for the company. But Raymond James Financial analyst Brian Gesuale is a true outlier. His $800 price target by 2031 implies 451% upside, based on where SpaceX's shares ended on July 10, and assumes a valuation of roughly $10.5 trillion. For context, this would be more than double Nvidia's current market cap. Gesuale foresees SpaceX's full-year sales scaling from an estimated $38.5 billion in 2026 to approximately $837 billion by 2031. More importantly, earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to catapult from $17.7 billion in 2026 to $696 billion by 2031. While there's no question that AI and the space economy are two of the hottest addressable opportunities on Wall Street, several headwinds suggest Gesuale's pie-in-the-sky price target is pure fiction and the sign of an end-stage bubble that's about to burst. SpaceX spotlights everything wrong with Wall Street Although the stock market is a long-term wealth-creating machine, it's prone to occasional bubble-bursting events. SpaceX's current $1.91 trillion valuation and Raymond James' $800 price target for the company spotlight everything that's wrong with Wall Street over the short term. For starters, SpaceX hasn't demonstrated that its operating model is sustainable. While satellite-based broadband services provider Starlink is profitable, AI start-up xAI -- the segment responsible for the lion's share of SpaceX's $28.5 trillion addressable market -- is burning cash as Musk's company chases AI compute capacity.
SpaceX Launches Starlink 15-14 and 10-45 Missions, marking 600th Reused Booster flight
The Falcon 9 booster completed its 15th flight before landing successfully on the "Of Course I Still Love You" droneship, marking SpaceX's 665th Falcon 9 mission and its 84th launch of 2026. Flight SpaceX has officially launched the Starlink 15-14 mission from Vandenberg Space Force Base in California at 1:28 UTC Tuesday, July 14 (July 13th, 2026 at 6:28pm PDT). The Falcon 9 rocket was reportedly launched from Space Launch Complex 4E carrying booster B1093-15, flying for the 15th time. The rocket delivered a batch of 27 Starlink v2-mini satellites to low Earth orbit. As per the official reports, the booster returned to Earth, just over eight minutes after liftoff, landing on the "Of Course I Still Love You" droneship stationed downrange in the Pacific Ocean. NASASpaceflight.com shared the liftoff footage of the launch on Facebook noting, "SpaceX has launched the Starlink 15-14 mission today (July 13th, 2026) at 6:28pm PDT (1:28 UTC Tuesday) aboard Falcon 9 booster B1093-15 from Space Launch Complex 4E at the Vandenberg Space Force Base in sunny California, sending a batch of 27 Starlink v2-mini satellites to low-Earth orbit." "Just over eight minutes later, after completing its mission, the booster returned to planet Earth, landing on the "Of Course I Still Love You" droneship stationed downrange in the Pacific Ocean. This completes the 665th overall mission for a Falcon 9 rocket and it was SpaceX's 84th mission of 2026," the caption read. The mission was the 665th overall Falcon 9 mission and SpaceX's 84th of 2026, according to the official reports. Furthermore, SpaceX also launched the Starlink 10-45 mission using the Falcon 9 first stage booster with the tail number B1080, marking its 28th flight and the 600th launch of a flight-proven Falcon 9 booster, a milestone in the rocket family's reusability record. The booster previously flew two crew flights for Axiom Space, which includes the European Space Agency's Euclid observatory, and Northrop Grumman's NG-21. As per the reports by weather officials, the weather forecast noted, there's a 90% chance of favorable weather conditions at the time of the launch. Officials are monitoring weather conditions with concerns related to Thick Cloud Layers Rule. The forecast calls for a temperature of 77°F, overcast clouds, 85% cloud cover and a wind speed of 6mph. "Some lingering thick clouds left over by the evening convection may be present at the beginning of the launch window but should gradually dissipate through the window," launch weather officers wrote. "As a result, we have raised the POV slightly at the beginning of tonight's launch window, but overall good weather is expected," he added. SpaceX's project specifically aims for a space-based Internet communication system as the launch is a part of SpaceX's Starlink satellite internet constellation, a global broadband network designed to provide high-speed internet coverage worldwide. According to the reports, the Starlink mega-constellation uses thousands of satellites in low Earth orbit to deliver reliable internet connectivity to underserved and remote areas across the globe. A separate Falcon 9 launched the same day from Vandenberg Space Force Base in California, deploying 27 Starlink satellites as part of the Starlink 15-14 mission, reinforcing polar orbit coverage as SpaceX balances launches between its Florida and California ranges. SpaceX is now looking forward to Thursday, July 16 as the Federal Aviation Administration concluded its review of the company's May Starship test flight, clearing SpaceX to attempt Starship Flight 13 as early as July 16. The launch will mark the second flight of the upgraded V3 Starship configuration.
How to Spot a Stock Market Bubble 101: Raymond James Just Placed an $800 Price Target on SpaceX, Valuing Elon Musk's Company at $10.5 Trillion
One month ago, on June 12, Elon Musk's artificial intelligence (AI) and space economy conglomerate, Space Exploration Technologies (SpaceX) (SPCX 4.75%), rewrote history with its initial public offering (IPO). The $85.7 billion raised, including the underwriters' overallotment, nearly tripled the previous IPO record holder, Saudi Aramco. But in kicking off IPO mania -- large language model developers Anthropic and OpenAI are expected to follow in SpaceX's footsteps -- SpaceX may also be fueling the final stages of an AI bubble that history suggests is waiting to pop. Rarely are stock market bubble warning signs as glaring as Raymond James Financial's price target assigned to SpaceX. Wall Street's high-water price target foresees SpaceX reaching $800 in 2031 Given that 21 underwriters helped bring SpaceX public and received shares for doing so, it should come as no surprise that Wall Street analysts have, as a whole, presented an overwhelmingly positive outlook for the company. But Raymond James Financial analyst Brian Gesuale is a true outlier. His $800 price target by 2031 implies 451% upside, based on where SpaceX's shares ended on July 10, and assumes a valuation of roughly $10.5 trillion. For context, this would be more than double Nvidia's current market cap. Gesuale foresees SpaceX's full-year sales scaling from an estimated $38.5 billion in 2026 to approximately $837 billion by 2031. More importantly, earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to catapult from $17.7 billion in 2026 to $696 billion by 2031. While there's no question that AI and the space economy are two of the hottest addressable opportunities on Wall Street, several headwinds suggest Gesuale's pie-in-the-sky price target is pure fiction and the sign of an end-stage bubble that's about to burst. SpaceX spotlights everything wrong with Wall Street Although the stock market is a long-term wealth-creating machine, it's prone to occasional bubble-bursting events. SpaceX's current $1.91 trillion valuation and Raymond James' $800 price target for the company spotlight everything that's wrong with Wall Street over the short term. For starters, SpaceX hasn't demonstrated that its operating model is sustainable. While satellite-based broadband services provider Starlink is profitable, AI start-up xAI -- the segment responsible for the lion's share of SpaceX's $28.5 trillion addressable market -- is burning cash as Musk's company chases AI compute capacity. Elon Musk also has a terrible track record of fulfilling lofty promises and innovative expectations. As CEO of Tesla, Musk proclaimed that 1 million robotaxis would be on public roads by the end of 2020, which never happened. He's also assured investors that Level 5 full self-driving is "one year away" annually for more than a decade. Musk continually overpromises and underdelivers. SpaceX is likely to be haunted by historical precedent, as well. No company at the forefront of a game-changing technology has sustained a price-to-sales (P/S) ratio above 30 for any extended period. SpaceX is trading at roughly 50 times Gesuale's forecast sales for this year. Lastly, every game-changing technology for more than three decades has navigated an early stage bubble-bursting event. These bubbles have formed because investors constantly overestimate the optimization timeline of innovations. It'll likely be years before SpaceX's solutions are optimized, making Raymond James' high-water price target highly unlikely.
Here's How Big Wall Street Expects SpaceX's Business to Get in 5 Years
When a company's valuation is high and wildly above what its fundamentals justify, that's a clear sign that expectations are high. While that can be an encouraging sign that there is a ton of growth likely ahead for the business, it also signifies risk, because if it falls short and the growth story unravels, the stock could be poised for a significant sell-off. One company whose valuation hinges on its growth story is Space Exploration Technologies (NASDAQ: SPCX), which is often referred to as just SpaceX. Its market cap has been hovering around $2 trillion since its shares went public about a month ago. It has some tremendous growth opportunities, and here's just how big analysts believe the business will get in five years. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " Image source: Getty Images. SpaceX's revenue could top $565 billion by 2031 In recent years, there has been some solid growth, but nothing like what analysts expect from the company in the future. From $10.4 billion in revenue in 2023, the company's top line would rise by 35% to just over $14 billion in 2024, and then by another 33% in 2025, totaling $18.7 billion last year. That's a strong growth rate, but if analysts are right, then the company's top line could be about to take off, significantly. The bull case around SpaceX centers around its growth potential. Today, it trades at around 100 times its trailing revenue, but if the business gets much larger in the future, then its high valuation may be much more tenable. By 2031, Wall Street analysts project that its revenue will soar to $565 billion -- that's more than 30 times what it achieved this past year. Those kinds of numbers would make it among the largest companies in terms of revenue. E-commerce giant Amazon is the leader today, with its revenue totaling $743 billion over its past four quarters. Expectations are high, but so too is the risk SpaceX has some mammoth opportunities in artificial intelligence, space, and telecom. The problem, however, is that kind of significant growth means expectations are going to be through the roof for SpaceX. Not only will the company likely need to ramp up spending at a time when investors are growing more concerned about high capital expenditures, but it will also need to execute and prove that it's making the most of those investments. It's a tall task, to say the least. Given that the stock isn't cheap, investors who buy it at its current levels aren't leaving themselves with any margin for error. While SpaceX's business may do well and achieve its lofty expectations, there's also a strong chance it falls well short of them, which is why taking a wait-and-see approach with the space stock may be the safest option right now. Should you buy stock in Space Exploration Technologies right now? Before you buy stock in Space Exploration Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now... and Space Exploration Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $395,679!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,294,805!* Now, it's worth noting Stock Advisor's total average return is 929% -- a market-crushing outperformance compared to 211% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. See the 10 stocks " *Stock Advisor returns as of July 14, 2026. David Jagielski, CPA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Here's How Big Wall Street Expects SpaceX's Business to Get in 5 Years
When a company's valuation is high and wildly above what its fundamentals justify, that's a clear sign that expectations are high. While that can be an encouraging sign that there is a ton of growth likely ahead for the business, it also signifies risk, because if it falls short and the growth story unravels, the stock could be poised for a significant sell-off. One company whose valuation hinges on its growth story is Space Exploration Technologies (NASDAQ: SPCX), which is often referred to as just SpaceX. Its market cap has been hovering around $2 trillion since its shares went public about a month ago. It has some tremendous growth opportunities, and here's just how big analysts believe the business will get in five years. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue " SpaceX's revenue could top $565 billion by 2031 In recent years, there has been some solid growth, but nothing like what analysts expect from the company in the future. From $10.4 billion in revenue in 2023, the company's top line would rise by 35% to just over $14 billion in 2024, and then by another 33% in 2025, totaling $18.7 billion last year. That's a strong growth rate, but if analysts are right, then the company's top line could be about to take off, significantly. The bull case around SpaceX centers around its growth potential. Today, it trades at around 100 times its trailing revenue, but if the business gets much larger in the future, then its high valuation may be much more tenable. By 2031, Wall Street analysts project that its revenue will soar to $565 billion -- that's more than 30 times what it achieved this past year. Those kinds of numbers would make it among the largest companies in terms of revenue. E-commerce giant Amazon is the leader today, with its revenue totaling $743 billion over its past four quarters. Expectations are high, but so too is the risk SpaceX has some mammoth opportunities in artificial intelligence, space, and telecom. The problem, however, is that kind of significant growth means expectations are going to be through the roof for SpaceX. Not only will the company likely need to ramp up spending at a time when investors are growing more concerned about high capital expenditures, but it will also need to execute and prove that it's making the most of those investments. It's a tall task, to say the least.
Why SpaceX and Tesla are 'value' stocks, according to this fund manager
Charles Schwab recently warned investors against putting money in companies making growth promises pushed out far into the future. But successful value investing requires precisely that faith, according to the president and chief investment officer of Tsai Capital, Christopher Tsai. "If you look at SpaceX and say, 'Oh, it's selling at a crazy multiple,' you might be making the classical error that these companies are increasingly investing so much now, depressing earnings now, to create more value later," he told MarketWatch in a Monday interview.
Here's How Big Wall Street Expects SpaceX's Business to Get in 5 Years
When a company's valuation is high and wildly above what its fundamentals justify, that's a clear sign that expectations are high. While that can be an encouraging sign that there is a ton of growth likely ahead for the business, it also signifies risk, because if it falls short and the growth story unravels, the stock could be poised for a significant sell-off. One company whose valuation hinges on its growth story is Space Exploration Technologies (SPCX 4.75%), which is often referred to as just SpaceX. Its market cap has been hovering around $2 trillion since its shares went public about a month ago. It has some tremendous growth opportunities, and here's just how big analysts believe the business will get in five years. SpaceX's revenue could top $565 billion by 2031 In recent years, there has been some solid growth, but nothing like what analysts expect from the company in the future. From $10.4 billion in revenue in 2023, the company's top line would rise by 35% to just over $14 billion in 2024, and then by another 33% in 2025, totaling $18.7 billion last year. That's a strong growth rate, but if analysts are right, then the company's top line could be about to take off, significantly. The bull case around SpaceX centers around its growth potential. Today, it trades at around 100 times its trailing revenue, but if the business gets much larger in the future, then its high valuation may be much more tenable. By 2031, Wall Street analysts project that its revenue will soar to $565 billion -- that's more than 30 times what it achieved this past year. Those kinds of numbers would make it among the largest companies in terms of revenue. E-commerce giant Amazon is the leader today, with its revenue totaling $743 billion over its past four quarters. Expectations are high, but so too is the risk SpaceX has some mammoth opportunities in artificial intelligence, space, and telecom. The problem, however, is that kind of significant growth means expectations are going to be through the roof for SpaceX. Not only will the company likely need to ramp up spending at a time when investors are growing more concerned about high capital expenditures, but it will also need to execute and prove that it's making the most of those investments. It's a tall task, to say the least. Given that the stock isn't cheap, investors who buy it at its current levels aren't leaving themselves with any margin for error. While SpaceX's business may do well and achieve its lofty expectations, there's also a strong chance it falls well short of them, which is why taking a wait-and-see approach with the space stock may be the safest option right now.
Cathie Wood Buys The Dip In SpaceX Stock Despite AI Bubble Warning By Experts
Sponsored This page may contain affiliate links. If you sign up through these links, we may earn a commission at no additional cost to you. This does not influence our editorial reviews or rankings. Even as investor sentiment was dampened by concerns about an AI bubble, Cathie Wood's ARK Invest kept accumulating a pile of Elon Musk's SpaceX stock. The latest acquisition came as the SPCX share price continued dropping, nearing the IPO price of $135. Cathie Wood Continues Buying SpaceX Stock On Monday, July 13, the SpaceX stock closed at $139.14, 4.24% lower in the intraday session. During the day, ARK Invest purchased 130,241 shares of SPCX into three exchange-traded funds, according to its daily trading disclosures. Despite the recent weakness, this purchase represents Cathie Wood's bullish take on the SpaceX stock. ARK Invest raked in SPCX shares via its ARK Innovation ETF (ARKK), the ARK Autonomous Technology & Robotics ETF (ARKQ) and the ARK Next Generation Internet ETF (ARKW). The total investment came around $21.3 million. The latest drop has brought the stock price back down below the reported crucial level of $150. Now, $145 serves as a major resistance level that earlier acted as a crucial support level, per CoinGape analysis. If the share price continues to decline, it risks falling below the IPO price of $135. However, the analysis went on to highlight that the shares had rallied after ARK Invest's buying spree last week. At the time, Cathie Wood's ARK bought $52 million in SpaceX stock. Still, the MACD indicator had taken a negative turn, indicating bearish momentum was still in place. This could keep the stock price from getting back to $150, the analysis added. The AI Bubble Warning In Focus The surge in Cathie Wood's purchasing activity for SpaceX coincides with a draft report from the U.S. Department of the Treasury. That report has raised concerns that the rapid development of AI could be a threat to the economy comparable to that of the dot-com bubble. Researchers in the field of careers at the University of Texas, Austin (NOTUS) have determined that the companies providing artificial intelligence are much more interwoven with the U.S. economy as compared to internet companies 25 years ago. The report states that the impact could radiate beyond tech stocks. They warned that it could spread to private credit markets, cloud service providers and semiconductors as well as utilities and firms financing large-scale data center projects if the AI sector goes into a major downturn. The analysts stopped short of forecasting an imminent crash. Rather, they laid out a bearish scenario in case AI companies do not achieve the level of productivity and profitability that is expected. Here, they warned investment growth could slow, investor confidence could be dampened, and economic growth could be reduced. Supply chain disruptions, geopolitical tensions, electricity shortages and funding limitations for data centre infrastructure were also identified as risks, the report noted. What Do Experts Say? Meanwhile, market watchers are speculating on whether the AI craze has gone too far. In a recent Substack post, Bernstein and Cummings say that the gains of the leading AI stocks suggests a bubble that is "still inflating." The analysts also said, "The aggressive push into AI is leaving these tech giants with significantly less cash." Moreover, they added that technology-based investments have reached nearly 5% of the U.S. GDP, surpassing the dot-com era. On the other hand, BlackRock analyst Rick Rieder stated that the asset management firm would be cutting its stake in companies focused on artificial intelligence. Instead, they are looking to move towards those that will benefit indirectly from the AI boom. One of those beneficiaries is Bitcoin miner TeraWulf that has signed a 20-year contract with Anthropic to host one of its data centers.
MEXC Reports 7.1 Billion USDT in SpaceX Futures Volume as Q2 Closes the Gap to Wall Street - Cryptopolitan
Victoria, Seychelles, July 14, 2026 - MEXC, a pioneer in 0-fee digital asset trading, today released its Ecosystem & Growth Report for the second quarter of 2026. In Q1, users mostly bought gold and other hedges against macro risk. In Q2, their attention turned to AI projects and US stocks, and MEXC spent the quarter building products for exactly that demand. Users can now back a company before its IPO, trade stock futures on it, hold tokenized shares, and buy real US stocks and ETFs, all inside one MEXC account. Every piece of that path launched or grew during the quarter. SpaceX was still a private company when MEXC ran two SPACEX(PRE) subscription rounds. More than 74,000 entries put over 173 million USDT into them, and demand for the second round reached more than 30 times the amount on offer. That demand mirrors a wider market trend: CoinGecko reports that tokenized pre-IPO trading volume surged 1,060%, with SpaceX accounting for the largest share of activity. The company then completed the largest IPO on record on June 12. Users kept trading it on MEXC after the listing, and SpaceX perpetual futures collected more than 7.1 billion USDT in volume in the weeks that followed. One name went from private to public within a quarter, and users traded at every stage. RealStocks launched on June 1 and added the last piece, real shares. Eligible users buy actual US stocks and ETFs through a licensed securities broker partner, and the shelf covers more than 7,000 names. More than 120,000 users signed up in the first month, and over half of the new accounts moved on to a first deposit. By June 18, the product had settled dividends on 34 stocks and ETFs, the kind of payout only real share ownership carries. Micron's June earnings lifted trading volume in its MEXC futures by approximately 142% in a single day. The activity spilled into related AI memory names, SanDisk, SK hynix, and a DRAM ETF. One earnings report moved a whole supply chain on the platform, because users now trade US market news the moment it breaks. "My first quarter as CEO had one goal, and that was to move MEXC from a crypto exchange toward a gateway for every market users care about," said Vugar Usi, CEO of MEXC. "Q2 put real numbers behind the word gateway, from Pre-IPO demand to actual dividend payouts." The quarter's ten biggest new-token gainers averaged +4,956%, and six of the ten were AI agent projects. Only one meme coin made the list, a clear reversal of the first quarter, when memes ran the gain rankings. The AI winners build practical systems. They settle transactions between agents, place trades for retail users, and verify identities, so the money went to projects that already do that work. The most-traded list leaned the same way, with four AI and infrastructure names to three meme names. During the quarter, MEXC appointed Vugar Usi as Chief Executive Officer and marked its 8th anniversary with a brand upgrade built on two promises: 0 Fees and Infinite Opportunities. The upgrade marks the company's move from a traditional exchange toward a universal gateway for global markets. A partnership brought the USD1 stablecoin into MEXC's trading and product suite, and the first USD1 event drew more than 161,000 participants, with new users alone pushing $2.4 billion through futures. A TradingView integration now sends perpetual futures orders straight from the chart, so users move from analysis to execution without a tab change. The Prediction Market added a Combo feature on June 9, which folds several event predictions into a single position. Average daily volume in the Prediction Market grew more than 6,700% from early to late June, and daily users rose more than 3,200%. The June Proof of Reserves put the average reserve ratio at 156.5%, which means the platform holds more assets than users have deposited, with Bitcoin backed at 269%. Between May and June, the risk team identified 4,394 illicit networks; a separate intervention effort blocked roughly 303,000 USDT in suspected fraudulent transfers. The full Q2 report, with the complete token tables, product data, and community programs, is available here. About MEXC MEXC is the world's fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals. MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC For media inquiries, please contact MEXC PR team: [email protected]
Evercore ISI initiates SpaceX stock coverage with outperform rating By Investing.com
Investing.com - Evercore ISI initiated coverage on SpaceX (NASDAQ:SPCX) with an outperform rating and a price target of $230.00. The stock currently trades at $139.14, representing a potential upside of 65% to the analyst's target and trading just 2% above its 52-week low of $136.78. Evercore ISI analyst Kutgun Maral described SpaceX as "an extraordinary company on a real path to reshaping the future of humanity." The firm characterized the company as a vertically integrated operation that established a near-monopoly on orbital access through reusable, low-cost launch technology. The firm's model projects revenue and EBITDA compounding at 106% and 157% respectively through 2028, with margins expanding from 35% to 69%. The company reported revenue of $19.3 billion and EBITDA of $3.95 billion over the last twelve months, with analysts forecasting 95% revenue growth in the current year. According to InvestingPro Tips, analysts anticipate continued sales growth, though the stock appears overvalued based on InvestingPro's Fair Value assessment. Investors can access 11 additional ProTips and comprehensive financial metrics on the platform. The analysis spans five connected businesses including launch services, Starlink connectivity, and AI infrastructure. Evercore ISI identified several milestones requiring validation, including Starship payload delivery in the second half of 2026, Starlink broadband growth in 2026-2027, mobile strategy feasibility from 2027-2029, and terrestrial compute growth through 2028. The firm also cited orbital compute viability beyond 2029 and Grok/Cursor enterprise adoption from 2026-2028. The coverage report spans 150 pages with over 130 exhibits, produced by analysts across cable and telecom, communications infrastructure, hardware and networking, internet, and semiconductor sectors. The firm's valuation excludes potential ventures including Mars operations and the Terafab chip project. In other recent news, SpaceX has been cleared by the U.S. Federal Aviation Administration to proceed with its next Starship test flight following the completion of an investigation into a previous booster return failure. This development allows SpaceX to launch the Starship's upcoming test flight from Texas as early as this week. Additionally, Stifel has reiterated a Buy rating on SpaceX stock with a price target of $190, emphasizing the significance of the upcoming Starship Flight 13 launch. Similarly, Raymond James has maintained a Strong Buy rating, setting a higher price target of $800, and highlighted the reduced time between recent flight cycles as a positive indicator. Meanwhile, Bernstein SocGen Group has reaffirmed an Outperform rating with a $239 price target after China's successful landing of a Long March 10B rocket booster, noting the implications for SpaceX's technological advancements. These recent developments reflect ongoing interest and confidence from analysts in SpaceX's future prospects. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Elon Musk Says SpaceX Will Be Worth More Than the Entire Earth Because Musk Will Harvest the Sun
The number he's chasing is Earth's entire GDP, roughly $100 trillion. His pitch to investors: capture a sliver of the Sun's energy from space, and one company clears the whole planet's economy. Musk floated the claim in a tweet defending SpaceX's recent AI compute deal with Anthropic, after a supporter argued the deal handed too much money to a rival. His reply: "SpaceX will be worth more than the rest of Earth if we accomplish our goals." The defense has teeth. Anthropic is paying SpaceX $1.25 billion a month through 2029 for full access to the Colossus 1 data center in Memphis (300-plus megawatts, hundreds of thousands of NVIDIA GPUs), and Google signed a similar deal at $920 million a month. Combined, SpaceX's AI compute contracts are reportedly running at a $26 billion-plus annual rate, and Anthropic has already expressed interest in SpaceX building multiple gigawatts of compute capacity in space. The logic runs through the Kardashev scale, a measure of how much energy a civilization can channel. Musk figures space-based solar power could tap roughly 100,000 times more energy than Earth while using less than a millionth of what the Sun puts out, enough, he says, to eclipse global GDP. The energy math isn't crazy on its face. Earth currently runs on about 2 x 10¹³ watts of average power. Multiply that by 100,000 and you're at 2 x 10¹⁸ watts, which is roughly one two-hundred-millionth of the Sun's total output of 3.8 x 10²⁶ watts. No Dyson sphere required, just a swarm of orbital solar satellites beaming power down, assuming launch costs keep collapsing. Concepts already on the drawing board target single installations delivering 2 gigawatts continuously to Earth, one array doing the work of several ground plants with almost no weather or night losses. The economic leap follows the same logic. Every previous jump in cheap energy (coal, then oil and electricity) produced a non-linear jump in GDP per person, because new energy regimes don't just scale existing activity, they unlock industries that were previously uneconomic (synthetic fuels, desalination at scale, orbital manufacturing, AI clusters that couldn't be powered before). Stack a 100,000x energy unlock on top of AI removing cognitive bottlenecks and robots like Optimus removing labor bottlenecks, and the ceiling on annual output stops being set by physics. That's why the orbital compute angle matters: AI training is already slamming into terrestrial power and cooling walls, and space offers near-constant sunlight and passive vacuum cooling. The bet is that SpaceX owns the infrastructure layer (Starship for cost-to-orbit, Starlink for comms, orbital compute deals like the Anthropic one) that any of that gets built on. He's made versions of this pitch before. In January he said "space-based industries will vastly exceed the value of all of Earth," and he's claimed Tesla's Optimus robot will raise "Earth GDP by an order of magnitude." The company those promises are attached to lost $5 billion last year. SpaceX shares rallied after a blockbuster IPO last month, then slid, with investors still wary of a multitrillion-dollar valuation. And on July 10, China recovered the first stage of a Long March 10B rocket via net capture on a ship, its first orbital-class reusable booster landing, closing the reusability gap that made SpaceX's economics work in the first place. Thanks for spending time with Thought Catalog. Connect with us on Facebook and browse the rest of our website.
MEXC Reports 7.1 Billion USDT in SpaceX Futures Volume as Q2 Closes the Gap to Wall Street
Victoria, Seychelles, July 14th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, today released its Ecosystem & Growth Report for the second quarter of 2026. In Q1, users mostly bought gold and other hedges against macro risk. In Q2, their attention turned to AI projects and US stocks, and MEXC spent the quarter building products for exactly that demand. Users can now back a company before its IPO, trade stock futures on it, hold tokenized shares, and buy real US stocks and ETFs, all inside one MEXC account. Every piece of that path launched or grew during the quarter. The company then completed the largest IPO on record on June 12. Users kept trading it on MEXC after the listing, and SpaceX perpetual futures collected more than 7.1 billion USDT in volume in the weeks that followed. One name went from private to public within a quarter, and users traded at every stage. RealStocks launched on June 1 and added the last piece, real shares. Eligible users buy actual US stocks and ETFs through a licensed securities broker partner, and the shelf covers more than 7,000 names. More than 120,000 users signed up in the first month, and over half of the new accounts moved on to a first deposit. By June 18, the product had settled dividends on 34 stocks and ETFs, the kind of payout only real share ownership carries. Micron's June earnings lifted trading volume in its MEXC futures by approximately 142% in a single day. The activity spilled into related AI memory names, SanDisk, SK hynix, and a DRAM ETF. One earnings report moved a whole supply chain on the platform, because users now trade US market news the moment it breaks. "My first quarter as CEO had one goal, and that was to move MEXC from a crypto exchange toward a gateway for every market users care about," said Vugar Usi, CEO of MEXC. "Q2 put real numbers behind the word gateway, from Pre-IPO demand to actual dividend payouts." The quarter's ten biggest new-token gainers averaged +4,956%, and six of the ten were AI agent projects. Only one meme coin made the list, a clear reversal of the first quarter, when memes ran the gain rankings. The AI winners build practical systems. They settle transactions between agents, place trades for retail users, and verify identities, so the money went to projects that already do that work. The most-traded list leaned the same way, with four AI and infrastructure names to three meme names. During the quarter, MEXC appointed Vugar Usi as Chief Executive Officer and marked its 8th anniversary with a brand upgrade built on two promises: 0 Fees and Infinite Opportunities. The upgrade marks the company's move from a traditional exchange toward a universal gateway for global markets. A partnership brought the USD1 stablecoin into MEXC's trading and product suite, and the first USD1 event drew more than 161,000 participants, with new users alone pushing $2.4 billion through futures. A TradingView integration now sends perpetual futures orders straight from the chart, so users move from analysis to execution without a tab change. The Prediction Market added a Combo feature on June 9, which folds several event predictions into a single position. Average daily volume in the Prediction Market grew more than 6,700% from early to late June, and daily users rose more than 3,200%. The June Proof of Reserves put the average reserve ratio at 156.5%, which means the platform holds more assets than users have deposited, with Bitcoin backed at 269%. Between May and June, the risk team identified 4,394 illicit networks; a separate intervention effort blocked roughly 303,000 USDT in suspected fraudulent transfers. The full Q2 report, with the complete token tables, product data, and community programs, is available here. About MEXC MEXC is the world's fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals. MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC For media inquiries, please contact MEXC PR team: [email protected] Contact MEXC PR team [email protected] Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
Cursor poaches designer behind Anthropic's Claude
The hire highlights the growing competition for AI product talent, as companies increasingly compete on user experience -- not just model performance. Jenny Wen, the designer involved in creating Anthropic's Claude and the general-purpose AI agent Cowork, has joined Cursor as its new head of design. She will be leveraging her experience at one of the most established AI labs at a rapidly growing company that aims to develop more than coding tools. Wen disclosed the news on X on July 13, after leaving Anthropic to take the position at Cursor, where she would be able to lead "a team that cares so deeply about craft, quality, and building great tools." She chose to make this decision at a time when Cursor is developing its own AI agent aimed at helping in the workplace, which puts it in competition with the product that Wen was involved in at Anthropic. From Claude to Cursor During her time at Anthropic, Wen had the task of designing both Claude and Cowork, the latter being the name of the AI agent that was designed to handle complex workplace tasks. According to Wen's portfolio, in 2025 Wen was heavily involved in directing the roadmap of Cowork as well as contributing to the development of the product post-launch. Before Anthropic, Wen worked at Figma as its Director of Design, where she launched FigJam, and previously served as the design leader at Dropbox, Square, and Shopify. The uniqueness of Wen's experience lies in the integration of product strategy and product creation. With more AI companies competing to develop better models, it is worth remembering that the skill to create desirable products remains just as crucial as the technical part. Initially recognized as an AI coding assistant, Cursor now aspires to pursue more ambitious goals. According to The Information, the company is now working on the creation of an AI assistant called Sand, which can manage e-mails and spreadsheets and help with engineering tasks. If released successfully, it will compete with Cowork by Anthropic and the recently introduced ChatGPT Work by OpenAI. Cursor has not made any announcements regarding the project. Additionally, the company is gearing up for its next growth stage. SpaceX declared in June that it has intentions to take over Anysphere, the parent company of Cursor, in an all-stock transaction worth $60 billion expected to close later this year. The agreement will give Cursor more resources, thus enabling it to widen its scope beyond just developing software. Why this matters for Anthropic? It is interesting to note that the timing takes place at a time when Anthropic has expanded the capabilities and accessibility of Cowork. The company has updated the service for use on both mobile and the web, as well as added the cloud execution functionality, which enables tasks to continue even if the user has disconnected. Anthropic even states that, out of its analysis of about 1.2 million Cowork sessions, knowledge-work tasks make up almost half of all usage, suggesting the product is increasingly being used for more than software development. While Wen's leaving may not indicate difficult times ahead for Anthropic, it points to the intense competition among AI firms for talented people like product leaders. Now that emerging AI technologies are growing in sophistication, the challenge is not just about developing better technologies, but also about creating software that easily fits into the routines of end-users. This is where experienced design leaders can make a big difference. Creating an effective workplace AI agent involves more than just technical performance. In addition to this, it requires proper design of workflows, simple interfaces, and a lot of trust for users to delegate important tasks. Those are qualities which, if developed, can give a strong competitive advantage. A broader shift in the AI talent market This step by Wen is indicative of a bigger trend emerging within the competitive environment surrounding AI enterprises. Whereas back in the days of early generative AI, the battle for talent was mainly carried out between researchers and infrastructure engineers, now there is competition among businesses to secure experts who already have experience working on creating and deploying AI products. These experts will be able to share valuable information about consumer behavior and preferences, as well as features that actually work. In the case of Cursor, the recruitment of the designer of one of the first AI workplace assistants will allow the company to go beyond programming in terms of further steps in its development. In the case of Anthropic, the hiring shows how the market has developed, with competition, among other things, both for skilled workers and for the designers behind those who turn advanced AI into products.
SpaceX stock wipes out $1.2 trillion in a month
SpaceX (NASDAQ: SPCX) has erased approximately $1.2 trillion in market value within a month of its historic public debut, as a sharp selloff reversed much of the stock's post-IPO rally. The aerospace and satellite communications company went public on Nasdaq on June 12, 2026, at $135 per share, briefly reaching a market capitalization of nearly $2.9 trillion just four days later. However, the stock has since fallen sharply, reducing its valuation to about $1.83 trillion at Monday's close. The decline reflects growing investor concerns over SpaceX's valuation following its record-breaking IPO and raises questions about whether the company's long-term growth prospects can justify its current market capitalization. Investor enthusiasm initially propelled SpaceX shares above $225 on June 16, making the company one of the world's most valuable publicly traded firms. The rally proved short-lived, with the stock entering a sustained downtrend marked by several steep daily declines, including a 16% drop in a single session. By July 13, SpaceX shares closed at $139 after falling more than 4% on the day, marking a new post-IPO low. At current levels, the stock trades only slightly above its $135 IPO price, leaving many investors who bought during the initial surge facing significant losses. Why SpaceX stock is declining The selloff comes as investors reassess SpaceX's valuation and financial outlook after the excitement surrounding its market debut. The company generated $18.7 billion in revenue in 2025, up about 33% year-over-year, but reported a net loss of $4.9 billion as heavy spending on artificial intelligence infrastructure and Starship development weighed on profitability. Starlink remains the company's primary profit driver, contributing roughly $11.4 billion in revenue and serving more than 10.3 million subscribers as of the first quarter of 2026. Analysts expect SpaceX revenue to reach between $34 billion and $43 billion this year, supported by continued subscriber growth and expanding AI compute contracts. At the same time, the Federal Aviation Administration has closed its investigation into the Starship Flight 12 anomaly, clearing the way for Starship Flight 13 as early as July 16. The mission is expected to deploy advanced Starlink V3 satellites and conduct additional reusability tests critical to SpaceX's long-term growth strategy. At the same time, concerns remain over insider share unlocks expected after second-quarter earnings in August, which could significantly increase the public float and add selling pressure. Despite the sharp decline, SpaceX remains one of the world's largest publicly traded companies. The stock's next move will likely depend on the success of upcoming Starship milestones, Starlink's continued expansion, AI revenue growth, and the company's ability to balance aggressive investment with a path to profitability.
MEXC Reports 7.1 Billion USDT in SpaceX Futures Volume as Q2 Closes the Gap to Wall Street
Victoria, Seychelles, July 14th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, today released its Ecosystem & Growth Report for the second quarter of 2026. In Q1, users mostly bought gold and other hedges against macro risk. In Q2, their attention turned to AI projects and US stocks, and MEXC spent the quarter building products for exactly that demand. Users can now back a company before its IPO, trade stock futures on it, hold tokenized shares, and buy real US stocks and ETFs, all inside one MEXC account. Every piece of that path launched or grew during the quarter. SpaceX was still a private company when MEXC ran two SPACEX(PRE) subscription rounds. More than 74,000 entries put over 173 million USDT into them, and demand for the second round reached more than 30 times the amount on offer. That demand mirrors a wider market trend: CoinGecko reports that tokenized pre-IPO trading volume surged 1,060%, with SpaceX accounting for the largest share of activity. The company then completed the largest IPO on record on June 12. Users kept trading it on MEXC after the listing, and SpaceX perpetual futures collected more than 7.1 billion USDT in volume in the weeks that followed. One name went from private to public within a quarter, and users traded at every stage. RealStocks launched on June 1 and added the last piece, real shares. Eligible users buy actual US stocks and ETFs through a licensed securities broker partner, and the shelf covers more than 7,000 names. More than 120,000 users signed up in the first month, and over half of the new accounts moved on to a first deposit. By June 18, the product had settled dividends on 34 stocks and ETFs, the kind of payout only real share ownership carries. Micron's June earnings lifted trading volume in its MEXC futures by approximately 142% in a single day. The activity spilled into related AI memory names, SanDisk, SK hynix, and a DRAM ETF. One earnings report moved a whole supply chain on the platform, because users now trade US market news the moment it breaks. "My first quarter as CEO had one goal, and that was to move MEXC from a crypto exchange toward a gateway for every market users care about," said Vugar Usi, CEO of MEXC. "Q2 put real numbers behind the word gateway, from Pre-IPO demand to actual dividend payouts." The quarter's ten biggest new-token gainers averaged +4,956%, and six of the ten were AI agent projects. Only one meme coin made the list, a clear reversal of the first quarter, when memes ran the gain rankings. The AI winners build practical systems. They settle transactions between agents, place trades for retail users, and verify identities, so the money went to projects that already do that work. The most-traded list leaned the same way, with four AI and infrastructure names to three meme names. During the quarter, MEXC appointed Vugar Usi as Chief Executive Officer and marked its 8th anniversary with a brand upgrade built on two promises: 0 Fees and Infinite Opportunities. The upgrade marks the company's move from a traditional exchange toward a universal gateway for global markets. A partnership brought the USD1 stablecoin into MEXC's trading and product suite, and the first USD1 event drew more than 161,000 participants, with new users alone pushing $2.4 billion through futures. A TradingView integration now sends perpetual futures orders straight from the chart, so users move from analysis to execution without a tab change. The Prediction Market added a Combo feature on June 9, which folds several event predictions into a single position. Average daily volume in the Prediction Market grew more than 6,700% from early to late June, and daily users rose more than 3,200%. The June Proof of Reserves put the average reserve ratio at 156.5%, which means the platform holds more assets than users have deposited, with Bitcoin backed at 269%. Between May and June, the risk team identified 4,394 illicit networks; a separate intervention effort blocked roughly 303,000 USDT in suspected fraudulent transfers. The full Q2 report, with the complete token tables, product data, and community programs, is available here. About MEXC MEXC is the world's fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC reports 7.1 billion USDT in SpaceX futures volume as Q2 closes the gap to Wall Street
Victoria, Seychelles, July 14th, 2026, Chainwire MEXC, a pioneer in 0-fee digital asset trading, today released its Ecosystem & Growth Report for the second quarter of 2026. In Q1, users mostly bought gold and other hedges against macro risk. In Q2, their attention turned to AI projects and US stocks, and MEXC spent the quarter building products for exactly that demand. Users can now back a company before its IPO, trade stock futures on it, hold tokenized shares, and buy real US stocks and ETFs, all inside one MEXC account. Every piece of that path launched or grew during the quarter. SpaceX was still a private company when MEXC ran two SPACEX(PRE) subscription rounds. More than 74,000 entries put over 173 million USDT into them, and demand for the second round reached more than 30 times the amount on offer. That demand mirrors a wider market trend: CoinGecko reports that tokenized pre-IPO trading volume surged 1,060%, with SpaceX accounting for the largest share of activity. The company then completed the largest IPO on record on June 12. Users kept trading it on MEXC after the listing, and SpaceX perpetual futures collected more than 7.1 billion USDT in volume in the weeks that followed. One name went from private to public within a quarter, and users traded at every stage. RealStocks launched on June 1 and added the last piece, real shares. Eligible users buy actual US stocks and ETFs through a licensed securities broker partner, and the shelf covers more than 7,000 names. More than 120,000 users signed up in the first month, and over half of the new accounts moved on to a first deposit. By June 18, the product had settled dividends on 34 stocks and ETFs, the kind of payout only real share ownership carries. Micron's June earnings lifted trading volume in its MEXC futures by approximately 142% in a single day. The activity spilled into related AI memory names, SanDisk, SK hynix, and a DRAM ETF. One earnings report moved a whole supply chain on the platform, because users now trade US market news the moment it breaks. "My first quarter as CEO had one goal, and that was to move MEXC from a crypto exchange toward a gateway for every market users care about," said Vugar Usi, CEO of MEXC. "Q2 put real numbers behind the word gateway, from Pre-IPO demand to actual dividend payouts." The quarter's ten biggest new-token gainers averaged +4,956%, and six of the ten were AI agent projects. Only one meme coin made the list, a clear reversal of the first quarter, when memes ran the gain rankings. The AI winners build practical systems. They settle transactions between agents, place trades for retail users, and verify identities, so the money went to projects that already do that work. The most-traded list leaned the same way, with four AI and infrastructure names to three meme names. During the quarter, MEXC appointed Vugar Usi as Chief Executive Officer and marked its 8th anniversary with a brand upgrade built on two promises: 0 Fees and Infinite Opportunities. The upgrade marks the company's move from a traditional exchange toward a universal gateway for global markets. A partnership brought the USD1 stablecoin into MEXC's trading and product suite, and the first USD1 event drew more than 161,000 participants, with new users alone pushing $2.4 billion through futures. A TradingView integration now sends perpetual futures orders straight from the chart, so users move from analysis to execution without a tab change. The Prediction Market added a Combo feature on June 9, which folds several event predictions into a single position. Average daily volume in the Prediction Market grew more than 6,700% from early to late June, and daily users rose more than 3,200%. The June Proof of Reserves put the average reserve ratio at 156.5%, which means the platform holds more assets than users have deposited, with Bitcoin backed at 269%. Between May and June, the risk team identified 4,394 illicit networks; a separate intervention effort blocked roughly 303,000 USDT in suspected fraudulent transfers. The full Q2 report, with the complete token tables, product data, and community programs, is available here. About MEXC MEXC is the world's fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals. MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC For media inquiries, please contact MEXC PR team: [email protected]
