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The latest news and updates from companies in the WLTH portfolio.
Elon Musk Says SpaceX Will Fly Orbital Data Centers Next Year - SpaceX (NASDAQ:SPCX)
Elon Musk's Orbital Data Center Goal Amidst the fiery accusations, Altman retorted, saying that Musk was selling public investors the idea of orbital AI compute, questioning the practicality of the goal. Musk responded by saying that SpaceX will "start flying them next year." Chanos expressed skepticism about Musk's claims. "[Narrator: This week's 13th test flight of Starship is still not planned to reach full Earth orbit.]," the short seller said in his post on X on Sunday. SpaceX Touts Starlink V3 SpaceX said that the upcoming 13th Starship flight test would also see over 20 Starlink V3 satellites be deployed with the test. "Starship is planned to deploy 20 satellites which will extend solar arrays and antennas and will attempt to connect with ground stations in South Africa and the larger Starlink constellation via high-capacity lasers," SpaceX said. Analyst Aaron Burnett, the founder of Mach 33, an investment firm aimed at Space technology, hailed the launch as a "significant inflection in Starlink V3 ramp," which would also translate to a "global bandwidth capacity ramp," Burnett said via a post on X. SpaceX also said that the satellites would provide information on the rocket's heat shields. "Six of the satellites have been modified with a suite of cameras to scan Starship's heat shield and transmit imagery down to operators," the company said. The launch is expected to take place on Thursday, July 16. Benzinga Edge Rankings show SpaceX fails to provide a favorable price trend in the Short, Medium and Long term. Price Action: SpaceX shares were up 0.43% to $145.92 during the after-hours session on Friday. Check out more of Benzinga's Future Of Mobility coverage by following this link. Photo courtesy: Shutterstock Market News and Data brought to you by Benzinga APIs To add Benzinga News as your preferred source on Google, click here.
How Low Can SpaceX Stock Go?
Space Exploration Technologies (NASDAQ: SPCX) went public on June 12. Its stock promptly soared to a peak of $225, giving the company a whopping $2.9 trillion market capitalization, but it has since plummeted by 35% to close at $145 on Friday, July 10. SpaceX has a unique business that spans space transportation, satellite internet connectivity, and artificial intelligence (AI) infrastructure, and its revenue is forecast to grow rapidly over the next couple of years. However, its stock remains extremely expensive even after its recent decline, which could open the door to more losses for investors. 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 " How low can SpaceX stock go? SpaceX has a significant opportunity ahead Before we dive into SpaceX's hefty valuation and the math behind a potential decline in its stock, let's examine the company's business, which does have significant growth potential. It's divided into three core segments: SpaceX already accounts for over 80% of the world's mass to orbit, so it's launching more commercial payloads than any other company or organization on the planet. Its market share will only grow once its Starship rocket enters regular service, because its 100-ton payload capacity is four times that of the Falcon 9 rocket, which completes most trips today. The connectivity business is also set to receive a massive boost, as SpaceX will start launching its V3 satellites later this year, which offer a whopping 10 times the bandwidth of the current V2 satellites. Moreover, Starship will launch 60 V3 satellites into orbit per trip, whereas Falcon 9 is only capable of sending 27 at a time. Moving on to the AI segment, most of its revenue comes from Grok subscriptions and renting data center capacity to other companies. When SpaceX bought xAI, it took ownership of data centers like Colossus and Colossus II, which are fitted with hundreds of thousands of specialized AI chips from suppliers like Nvidia and Advanced Micro Devices.
SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision
A charismatic founder with near-obsessive conviction, a business that bleeds money, and a stock price based on a wildly optimistic valuation. In 1997, Jeff Bezos took Amazon public at a price of $18 per share at a $438 million valuation. The online bookseller's stock would then crater 90% after the dot-com bubble burst, before flourishing into a $2.6 trillion conglomerate that raked in $77.7 billion last year. Enter SpaceX in 2026. Founded by Elon Musk, the company lost $4.9 billion last year, and went public at $135 a share in June, with a valuation that quickly rose to a sky-high $2 trillion. The two mega-cap companies are primarily known for businesses that have little in common, with Amazon dominating the online retail business while SpaceX has become the world's leading rocket maker. But look a little closer, and the two companies have strikingly similar silhouettes which seem likely to bump up against each other ever more frequently as they compete on the public market stage. Perhaps more than any other tech companies out there today, Amazon and SpaceX are both conglomerates with broad collections of assets and businesses that each believe work together to create a more powerful whole. Both companies offer satellite-beamed high-speed internet access. They're both in the cloud computing and AI infrastructure business with expensive data centers. Chips? Amazon's Trainium and Graviton processors hit an annual revenue run rate above $20 billion in Q1, nearly doubling the $10 billion run rate from the previous quarter. SpaceX has a chip-manufacturing initiative called Terafab with a goal of producing one terawatt of compute hardware each year. Amazon and SpaceX each also have advertising platforms, with Amazon ginning up $68.6 billion in ad revenue last year while SpaceX's X platform -- the social media service formerly known as Twitter -- lived inside the AI segment that posted a $6.4 billion operating loss. If you squint, you can see them as doppelgängers with one big difference -- or to be more accurate, nearly 700 billion differences. Amazon hit $716.9 billion in revenue in 2025 and $80 billion in operating income compared to SpaceX's $18.7 billion of revenue and a $2.6 billion operating loss. Investors are focused on the opportunity ahead, of course. Amazon trades at roughly 3.6 times last year's sales and about 28 times forward earnings. SpaceX trades at about 97 times sales, and had a $4.9 billion net loss. "You're basically buying [SpaceX] at an Amazon valuation when it has one-twentieth the revenue of Amazon," said Jim Lebenthal, a veteran investor and chief markets strategist at Cerity Partners. "SpaceX is an incredibly cool company -- it's amazing, everything they're doing. I also think it's wildly overvalued right now." Looking at the rival companies piece by piece, you can see that in nearly every competitive line of business, Amazon is more profitable and growing. But it was also the company that took a nosedive that nobody wanted to own on the way down. Whether SpaceX can fill its shoes requires an extraordinary amount to go right, said Lebenthal. Here's a look at how the two multi-trillion tech conglomerates stack up. Satellites Starlink, SpaceX's high-speed satellite-based internet service, is the company's current golden child, with $11.4 billion in revenue last year. It counts United Airlines, Carnival, Maersk, and John Deere as customers, and grew 50% year over year, with $4.4 billion in operating income at a 39% margin. Starlink is SpaceX's only profitable segment and a sum-of-the parts analysis from investment bank Stifel last week valued it at $1.25 trillion, just more than half of SpaceX's $2.45 trillion enterprise value. But there's a caveat. FactSet projects SpaceX will need to raise roughly $250 billion in debt over the next four years to fund its growth, according to Lebenthal, so a lot is riding on Starlink's shoulders. Amazon is the runt in this match-up. While Starlink has 9,600 satellites deployed and still in orbit, Amazon's Leo has just started to really get into a groove with about 330 satellites, according to Stifel. But Amazon sees big potential in space. In April, Amazon agreed to acquire Globalstar for $11.6 billion with the goal of expanding Leo's satellite network. And the company recently unveiled enterprise-grade Leo Ultra, which it says is the fastest satellite-internet antenna ever built. Amazon also inkeddeals with Delta Airlines and Jet Blue to expand wi-fi access on hundreds of aircraft in 2028. Cloud and Compute Amazon essentially invented the cloud business, and the company has the clear advantage right now. Amazon Web Services (AWS) posted $128.7 billion in revenue in 2025, with $45.6 billion in operating income at a 35% margin. AWS picked up the pace in the first quarter, growing 28% to $37.6 billion in revenue. Anthropic uses Amazon Trainium 2 chips to train Claude, and Amazon CEO Andy Jassy told investors that AWS's AI revenue run rate topped $15 billion in Q1 2026 and is "ascending rapidly." SpaceX is moving fast though. The company already has Colossus I and II data centers, and has signed lease deals with Anthropic and Google. And the company says its ultimate goal is to send the AI buildout into orbit. In 2025, SpaceX's AI segment generated $3.2 billion in total revenue against a $6.4 billion operating loss and in the first quarter of 2026 it lost $2.5 billion on $818 million in revenue. Dan Niles, founder of Niles Investment Management said SpaceX's compute operation today is more at a level with $5 billion CoreWeave or Amsterdam-based Nebius rather than at the level of AWS. "I don't view them as similar companies at all," said Niles. Justin Menne, a portfolio manager at Harbor Capital, sees it in terms of visibility. Amazon has a contracted backlog of $364 billion and competitive inference chips, he said, while SpaceX has plans to build. "I think in order to believe that the total enterprise value makes sense here, you're inherently giving a lot of credibility to the management team, the engineering team, in order to actually execute," said Menne. The Musk factor Menne said he hadn't done any modeling on how much the Musk premium adds to SpaceX's valuation but the non-technical answer is, "a lot," he said. Lebenthal admires Musk's accomplishments but called him "a source of discomfort" for some value investors. "It's because he says outlandishly optimistic things," Lebenthal said, Musk projected $1 trillion in revenue at SpaceX by 2030, while Lebenthal noted estimated revenues are about $40 billion for 2026. "You can't just say that and $960 billion of incremental revenue is going to come to the table," he said. SpaceX is an innovation stock that really appeals to investors who are dreamers, he added, like Ark Invest's Cathie Wood. On SpaceX's first day of trading, Wood's Ark invested about half a billion in SpaceX, and has purchased more as the price has ebbed since its opening day. Amazon founder Jeff Bezos has a similar larger-than-life profile and reputation for entrepreneurial genius as Musk does. But Bezos transitioned from CEO to executive chairman in 2021 (he still reportedly has some involvement in important priorities like AI, but his day-to-day attention seems focused on Blue Origin, his space exploration company, and Prometheus, a new AI startup he cofounded). Harbor Capital's Menne said there is no equivalent key-man premium at Amazon because "the current value of the company is less reliant on the next five years of executing on something that doesn't already exist." That said, Niles said there's a clear alternative for investors drawn to Musk. The other public company where he serves as CEO, Tesla, has near-term initiatives that include robotics, autonomous fleets, and energy storage which "are likely to come to fruition before a colony on Mars," said Niles. Still, the Musk premium can't be discounted. "Elon has this talent for making money for investors, even if crazy projections don't play out," said Menne. The $28.5 trillion TAM SpaceX's prospectus claims a total addressable market of $28.5 trillion -- roughly the size of the U.S. GDP. Of that, $22.7 trillion is a third-party estimate of the entire global "digital economy." Value-minded Lebenthal noted that "it's earnings you want, not TAM." Menne said the enterprise AI portion "is really hard to underwrite because companies have only just started actually charging for a lot of these services in a way that's not gross-margin negative." Niles added that there's inherent competition in that stratospheric figure. "There are some really pretty good companies in that space," he said. "Maybe you can take all that share from Microsoft and others, but I think Microsoft is a pretty good company." SpaceX is targeting a $1.6 trillion market for connectivity and $26.5 trillion for AI. But Amazon Leo is also gunning for the former. Amazon's AWS generated $128.7 billion in cloud revenue last year, and hosts Anthropic and OpenAI while presiding over a $364 billion contracted backlog. Both can throw down gauntlets over the TAM, but Amazon can point to revenue of $716 billion last year to SpaceX's $18.7 billion. The post SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision appeared first on Fortune.
Wall Street feasts on fees from SpaceX IPO and mega-mergers
New York | Wall Street banks this week are set to report their biggest haul from investment banking fees in four and a half years, fuelled by SpaceX's blockbuster stock market listing and a resurgence in mega-mergers. The five largest US investment banks - JPMorgan Chase, Goldman Sachs, Morgan Stanley, Bank of America and Citigroup - are forecast to report a year-on-year fees increase of 27 per cent in the second quarter, according to estimates compiled by Bloomberg.
How Low Can SpaceX Stock Go?
Space Exploration Technologies (SPCX 4.51%) went public on June 12. Its stock promptly soared to a peak of $225, giving the company a whopping $2.9 trillion market capitalization, but it has since plummeted by 35% to close at $145 on Friday, July 10. SpaceX has a unique business that spans space transportation, satellite internet connectivity, and artificial intelligence (AI) infrastructure, and its revenue is forecast to grow rapidly over the next couple of years. However, its stock remains extremely expensive even after its recent decline, which could open the door to more losses for investors. How low can SpaceX stock go? SpaceX has a significant opportunity ahead Before we dive into SpaceX's hefty valuation and the math behind a potential decline in its stock, let's examine the company's business, which does have significant growth potential. It's divided into three core segments: SpaceX already accounts for over 80% of the world's mass to orbit, so it's launching more commercial payloads than any other company or organization on the planet. Its market share will only grow once its Starship rocket enters regular service, because its 100-ton payload capacity is four times that of the Falcon 9 rocket, which completes most trips today. The connectivity business is also set to receive a massive boost, as SpaceX will start launching its V3 satellites later this year, which offer a whopping 10 times the bandwidth of the current V2 satellites. Moreover, Starship will launch 60 V3 satellites into orbit per trip, whereas Falcon 9 is only capable of sending 27 at a time. Moving on to the AI segment, most of its revenue comes from Grok subscriptions and renting data center capacity to other companies. When SpaceX bought xAI, it took ownership of data centers like Colossus and Colossus II, which are fitted with hundreds of thousands of specialized AI chips from suppliers like Nvidia and Advanced Micro Devices. SpaceX eventually wants to send AI computing clusters into space, where they will run on solar power and won't need complex cooling systems. This infrastructure would send data back to Earth via Starlink satellites, giving SpaceX a huge advantage over any potential competitors entering this industry. Although Elon Musk founded SpaceX to focus on space exploration and transportation, the company values its opportunity in this segment at just $370 billion. That pales in comparison to the potential $1.6 trillion addressable market in the connectivity business, and the staggering $26.5 trillion opportunity in the AI infrastructure business. SpaceX stock is trading at a sky-high premium to the broader market SpaceX generated $18.7 billion in total revenue during 2025, which was up 33% from the prior year. This was the composition: Data source: SpaceX. While connectivity was the largest and fastest-growing segment last year, that looks set to change. SpaceX recently agreed to rent up to $1.25 billion in AI computing capacity per month to Anthropic, in addition to another $920 million per month to Alphabet, and $150 million per month to Reflection AI. These deals could amount to tens of billions of dollars in annual revenue over the next few years. In fact, Wall Street's average forecast (provided by Yahoo! Finance) suggests SpaceX could more than double its revenue to $38.8 billion in 2026 and then generate $72.4 billion in revenue in 2027. That brings me to its valuation. Based on SpaceX's trailing 12-month revenue and its $1.91 trillion market capitalization, its stock is trading at a price-to-sales (P/S) ratio of 98.9, making it 15 times as expensive as the Nasdaq-100 index, which has a P/S ratio of just 6.4. In other words, SpaceX is wildly overvalued relative to its big-tech peers. Even if we value SpaceX stock using Wall Street's 2027 revenue forecast, its forward P/S ratio is still a hefty 26.3. I'm not predicting this will happen, but the stock would have to plummet by 76% over the next 18 months just to trade in line with the current P/S ratio of the Nasdaq-100 index. In my opinion, the math suggests SpaceX stock will have a tough time generating upside for the foreseeable future, and I won't be surprised to see a decline of 50% (or more), particularly if the company fails to meet Wall Street's revenue expectations.
Musk Collects R40 Billion A Month In AI Rent From Google And Anthropic
Anthropic pays SpaceX $1.25 billion a month for compute. Google pays $920 million. Combined, the two AI leases are worth more than SpaceX entire 2025 revenue. Musk is the landlord of the AI race. Anthropic agreed to pay SpaceX $1.25 billion (R22.9 billion) every month for three years to rent GPU capacity at the Colossus 1 datacentre in Memphis, Tennessee. The deal, signed in May, gives Anthropic access to more than 220,000 Nvidia GPUs and over 300 megawatts of compute, which is roughly the power draw of a small city. Google signed its own lease weeks later. The search giant will pay SpaceX $920 million (R16.8 billion) a month starting October, for roughly 110,000 GPUs, running through June 2029. Combined, the two contracts are worth $2.17 billion (R39.7 billion) a month, or about $26 billion (R476 billion) a year, which is more than SpaceX's entire 2025 revenue of $18.67 billion (R341.7 billion), according to the company's S-1 filing. One tenant, paying monthly rent, nearly matching the whole company's annual turnover. (Landlord of the year, frankly.) Both companies are paying for infrastructure that was built for xAI, Musk's AI venture, which SpaceX acquired in February in an all-stock deal valued at roughly $1.25 trillion (R22.9 trillion). The merged entity went public in June at $1.77 trillion (R32.4 trillion), closing its first day of trading above $2.1 trillion (R38.4 trillion) on Nasdaq under the ticker SPCX. It was the largest IPO in history. SpaceX builds the datacentres, AI companies pay rent on them, and the rent now exceeds every other revenue line the company has. Starlink, the satellite internet business that was SpaceX's main income source, generated $11.4 billion (R208.6 billion) in 2025. The two AI leases will generate more than double that, annually, from two customers alone. The deals exist because the AI industry has run into a wall that money alone cannot fix: there are not enough chips, power, or datacentres on Earth to meet demand. Anthropic needs the capacity for its Claude models. Google needs what it calls "bridge capacity" for Gemini Enterprise, its agentic AI platform, which has grown faster than even Google's own infrastructure can handle. In January, SpaceX filed an application with the US Federal Communications Commission for permission to launch and operate up to one million satellites as part of its Orbital Data Center system, internally called Starmind. The AI1 satellite design features a 70-metre wingspan and a 150-kilowatt peak compute payload, with interchangeable hardware for different processors. Musk has said he wants to begin launching them by 2028, using Starship, and has described space as "the only way to scale AI." The rationale is uninterruptible solar power and lower cooling costs, the two biggest operating expenses for Earth-based datacentres. Nvidia has already built a chip for this. The Space-1 Vera Rubin Module, announced at GTC 2026, is designed to deliver datacentre-class AI compute in space, with up to 25 times the AI compute power per GPU compared with the H100. It is expected to be available in 2027. Whether the orbital datacentres arrive on schedule is a separate question (they will not). The Earth-based revenue is already real. Anthropic's contract alone could generate more than $40 billion (R732 billion) over its three-year term. Google's deal adds another $30 billion (R549 billion) if it runs to completion. The termination clauses are loose: Google can exit with 90 days' notice after December, and Anthropic's ramp-up period has already passed. Musk, in other words, has found a way to charge rent to the companies building the future. Whoever's model wins, Claude or Gemini or his own Grok, the landlord gets paid. [Sources: Tom's Hardware, Anthropic, Teslarati & FCC]
SpaceX and Amazon are tech dopplegangers worth $4.5 trillion -- and they're headed for a collision | Fortune
A charismatic founder with near-obsessive conviction, a business that bleeds money, and a stock price based on a wildly optimistic valuation. In 1997, Jeff Bezos took Amazon public at a price of $18 per share at a $438 million valuation. The online bookseller's stock would then crater 90% after the dot-com bubble burst, before flourishing into a $2.6 trillion conglomerate that raked in $77.7 billion last year. Enter SpaceX in 2026. Founded by Elon Musk, the company lost $4.9 billion last year, and went public at $135 a share in June, with a valuation that quickly rose to a sky-high $2 trillion. The two mega-cap companies are primarily known for businesses that have little in common, with Amazon dominating the online retail business while SpaceX has become the world's leading rocket maker. But look a little closer, and the two companies have strikingly similar silhouettes which seem likely to bump up against each other ever more frequently as they compete on the public market stage. Perhaps more than any other tech companies out there today, Amazon and SpaceX are both conglomerates with broad collections of assets and businesses that each believe work together to create a more powerful whole. Both companies offer satellite-beamed high-speed internet access. They're both in the cloud computing and AI infrastructure business with expensive data centers. Chips? Amazon's Trainium and Graviton processors hit an annual revenue run rate above $20 billion in Q1, nearly doubling the $10 billion run rate from the previous quarter. SpaceX has a chip-manufacturing initiative called Terafab with a goal of producing one terawatt of compute hardware each year. Amazon and SpaceX each also have advertising platforms, with Amazon ginning up $68.6 billion in ad revenue last year while SpaceX's X platform -- the social media service formerly known as Twitter -- lived inside the AI segment that posted a $6.4 billion operating loss. If you squint, you can see them as doppelgängers with one big difference -- or to be more accurate, nearly 700 billion differences. Amazon hit $716.9 billion in revenue in 2025 and $80 billion in operating income compared to SpaceX's $18.7 billion of revenue and a $2.6 billion operating loss. Investors are focused on the opportunity ahead, of course. Amazon trades at roughly 3.6 times last year's sales and about 28 times forward earnings. SpaceX trades at about 97 times sales, and had a $4.9 billion net loss. "You're basically buying [SpaceX] at an Amazon valuation when it has one-twentieth the revenue of Amazon," said Jim Lebenthal, a veteran investor and chief markets strategist at Cerity Partners. "SpaceX is an incredibly cool company -- it's amazing, everything they're doing. I also think it's wildly overvalued right now." Looking at the rival companies piece by piece, you can see that in nearly every competitive line of business, Amazon is more profitable and growing. But it was also the company that took a nosedive that nobody wanted to own on the way down. Whether SpaceX can fill its shoes requires an extraordinary amount to go right, said Lebenthal. Here's a look at how the two multi-trillion tech conglomerates stack up. Satellites Starlink, SpaceX's high-speed satellite-based internet service, is the company's current golden child, with $11.4 billion in revenue last year. It counts United Airlines, Carnival, Maersk, and John Deere as customers, and grew 50% year over year, with $4.4 billion in operating income at a 39% margin. Starlink is SpaceX's only profitable segment and a sum-of-the parts analysis from investment bank Stifel last week valued it at $1.25 trillion, just more than half of SpaceX's $2.45 trillion enterprise value. But there's a caveat. FactSet projects SpaceX will need to raise roughly $250 billion in debt over the next four years to fund its growth, according to Lebenthal, so a lot is riding on Starlink's shoulders. Amazon is the runt in this match-up. While Starlink has 9,600 satellites deployed and still in orbit, Amazon's Leo has just started to really get into a groove with about 330 satellites, according to Stifel. But Amazon sees big potential in space. In April, Amazon agreed to acquire Globalstar for $11.6 billion with the goal of expanding Leo's satellite network. And the company recently unveiled enterprise-grade Leo Ultra, which it says is the fastest satellite-internet antenna ever built. Amazon also inked deals with Delta Airlines and Jet Blue to expand wi-fi access on hundreds of aircraft in 2028. Cloud and Compute Amazon essentially invented the cloud business, and the company has the clear advantage right now. Amazon Web Services (AWS) posted $128.7 billion in revenue in 2025, with $45.6 billion in operating income at a 35% margin. AWS picked up the pace in the first quarter, growing 28% to $37.6 billion in revenue. Anthropic uses Amazon Trainium 2 chips to train Claude, and Amazon CEO Andy Jassy told investors that AWS's AI revenue run rate topped $15 billion in Q1 2026 and is "ascending rapidly." SpaceX is moving fast though. The company already has Colossus I and II data centers, and has signed lease deals with Anthropic and Google. And the company says its ultimate goal is to send the AI buildout into orbit. In 2025, SpaceX's AI segment generated $3.2 billion in total revenue against a $6.4 billion operating loss and in the first quarter of 2026 it lost $2.5 billion on $818 million in revenue. Dan Niles, founder of Niles Investment Management said SpaceX's compute operation today is more at a level with $5 billion CoreWeave or Amsterdam-based Nebius rather than at the level of AWS. "I don't view them as similar companies at all," said Niles. Justin Menne, a portfolio manager at Harbor Capital, sees it in terms of visibility. Amazon has a contracted backlog of $364 billion and competitive inference chips, he said, while SpaceX has plans to build. "I think in order to believe that the total enterprise value makes sense here, you're inherently giving a lot of credibility to the management team, the engineering team, in order to actually execute," said Menne. The Musk factor Menne said he hadn't done any modeling on how much the Musk premium adds to SpaceX's valuation but the non-technical answer is, "a lot," he said. Lebenthal admires Musk's accomplishments but called him "a source of discomfort" for some value investors. "It's because he says outlandishly optimistic things," Lebenthal said, Musk projected $1 trillion in revenue at SpaceX by 2030, while Lebenthal noted estimated revenues are about $40 billion for 2026. "You can't just say that and $960 billion of incremental revenue is going to come to the table," he said. SpaceX is an innovation stock that really appeals to investors who are dreamers, he added, like Ark Invest's Cathie Wood. On SpaceX's first day of trading, Wood's Ark invested about half a billion in SpaceX, and has purchased more as the price has ebbed since its opening day. Amazon founder Jeff Bezos has a similar larger-than-life profile and reputation for entrepreneurial genius as Musk does. But Bezos transitioned from CEO to executive chairman in 2021 (he still reportedly has some involvement in important priorities like AI, but his day-to-day attention seems focused on Blue Origin, his space exploration company, and Prometheus, a new AI startup he cofounded). Harbor Capital's Menne said there is no equivalent key-man premium at Amazon because "the current value of the company is less reliant on the next five years of executing on something that doesn't already exist." That said, Niles said there's a clear alternative for investors drawn to Musk. The other public company where he serves as CEO, Tesla, has near-term initiatives that include robotics, autonomous fleets, and energy storage which "are likely to come to fruition before a colony on Mars," said Niles. Still, the Musk premium can't be discounted. "Elon has this talent for making money for investors, even if crazy projections don't play out," said Menne. The $28.5 trillion TAM SpaceX's prospectus claims a total addressable market of $28.5 trillion -- roughly the size of the U.S. GDP. Of that, $22.7 trillion is a third-party estimate of the entire global "digital economy." Value-minded Lebenthal noted that "it's earnings you want, not TAM." Menne said the enterprise AI portion "is really hard to underwrite because companies have only just started actually charging for a lot of these services in a way that's not gross-margin negative." Niles added that there's inherent competition in that stratospheric figure. "There are some really pretty good companies in that space," he said. "Maybe you can take all that share from Microsoft and others, but I think Microsoft is a pretty good company." SpaceX is targeting a $1.6 trillion market for connectivity and $26.5 trillion for AI. But Amazon Leo is also gunning for the former. Amazon's AWS generated $128.7 billion in cloud revenue last year, and hosts Anthropic and OpenAI while presiding over a $364 billion contracted backlog. Both can throw down gauntlets over the TAM, but Amazon can point to revenue of $716 billion last year to SpaceX's $18.7 billion.
Just how low could the SpaceX share price go this year?
You're reading a free article with opinions that may differ from The Twelfth Magpie's Premium Investing Services. Become a member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn more, and get a free 'Best Buy Now' stock!. Space Exploration Technologies (NASDAQ:SPCX), also known as SpaceX, has had a volatile start to life as a public company. After launching at $135 a month ago, the stock soared easily above $200 in initial trading. However, the SpaceX share price closed Friday at $145.30 and is trending lower. So what could happen from here? The move lower Over the past week, the stock is down 12%. In my view, the biggest reason behind the recent weakness is simple. Early investors who bought at the IPO are banking profit. After all, SpaceX surged immediately after its market debut as investors scrambled to gain exposure to one of the most anticipated listings in years. That enthusiasm briefly pushed the company's valuation close to $3trn, a level that I (and I'm sure many others) believed overvalued the company. So, once the initial excitement faded, many early buyers decided to lock in their gains. Selling their stock naturally has caused the share price to fall. This reason also means things don't bode well for the coming months. Given that the stock price is now close to the IPO price, more people might look to sell their shares to realise profits. After all, those with a short-term view probably would be unhappy if the stock fell below $135. Yet this could create even more selling pressure in the coming weeks, even pushing the stock under $135. Troubles ahead Unfortunately for shareholders, there are several reasons the selling could continue through the end of the year. One factor is that the stock still trades on a premium valuation despite the recent fall. It assumes SpaceX will successfully execute on ambitious projects and that take-up for Starlink is high. Any delays to these projects or weaker-than-expected financial updates could see the stock tumble. Another point I think some are forgetting is that as the months pass, larger institutional investors will have their lock-up periods expire. What I mean by this is big investors often can't sell stock after an IPO for a few months to prevent high volatility. But when this ends, it could spell trouble. A balanced view That said, writing off SpaceX would be a mistake. I think very few companies possess such a dominant competitive position as SpaceX has right now. Its reusable rocket technology continues to give it a significant cost advantage, while Starlink has already developed into a substantial recurring revenue business with considerable room for international expansion. If management continues to push ahead, investors may become more comfortable paying a premium valuation for a company that is redefining both the space industry and satellite communications. Ultimately, I think short-term pressure could see SpaceX stock finish the year below $135, potentially going as low as $100. Volatility is likely to remain the defining feature of SpaceX shares over the coming months. For long-term investors, any sharp fall could create a good buying opportunity, and this is the main reason I'm keeping the stock on my watchlist. Should you invest £5,000 in Space Exploration Technologies Corp. - Class A right now? When investing expert Mark Rogers and his team have a stock tip, it can pay to listen. After all, the flagship Twelfth Magpie Share Advisor newsletter he has run for nearly a decade has provided thousands of paying members with top stock recommendations from the UK and US markets. And right now, Mark thinks there are 6 standout stocks that investors should consider buying. Want to see if Space Exploration Technologies Corp. - Class A made the list? Jon Smith does not hold any positions in the companies mentioned.
History Says It's Time to Buy SpaceX Stock Before It's Too Late
After an incredible post-IPO performance, Space Exploration Technologies (NASDAQ: SPCX) stock has gradually returned to earth. SpaceX officially priced its June 12 IPO at $135 per share and opened at $150 per share. Shares reached their all-time high of $225.64 three days later. After a steep correction, the stock is now hovering around $145. 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 " The space stock is now priced just 7% above its original IPO price, and under the price at which it began trading. Newly published historical data, however, suggest there is more upside to come. History says SpaceX stock is a buy at $145 per share Jay Ritter of the Warrington College of Business at the University of Florida has been tracking the performance of IPO stocks for years. On July 7, Ritter released a new report with fully updated statistics. Diving into the data paints an optimistic picture for SpaceX stock today. From 1980 to 2024, Ritter documented 9,253 IPOs. Over that time, the average IPO stock returned 19.1% over a three-year period. The data is already looking good for SpaceX stock. While history doesn't suggest huge returns for the stock over the next three years, the returns are nonetheless expected to be positive. Breaking down the data even further improves SpaceX's prospects. When including only IPO stocks with trailing annual sales of at least $500 million -- a refinement that narrows the universe down to just 1,500 stocks -- the average three-year return improves to 31.8%. When including only IPO stocks with trailing sales of at least $1 billion, the prospects improve even further. These stocks -- which total 866 in all -- average 32.4% returns over their first three years of trading. To be clear, there's no telling exactly where SpaceX stock will head from here. Even if shares have plenty of upside at today's prices relative to historical IPO performances, there is a wide range of outcomes for any one stock. And there are plenty of reasons to believe SpaceX stock is overvalued, even following the correction. Before the June 12 IPO, analysts at the research firm Morningstar valued SpaceX at $63, representing a 53% discount to its IPO price. "Only the most optimistic Moonshot scenario, which requires a rapidly reusable Starship and commercially competitive orbital data centers, approaches the IPO price. The IPO price implies the Moonshot scenario is highly likely, but we think the outlook is very uncertain."
History Says It's Time to Buy SpaceX Stock Before It's Too Late
After an incredible post-IPO performance, Space Exploration Technologies (SPCX 4.51%) stock has gradually returned to earth. SpaceX officially priced its June 12 IPO at $135 per share and opened at $150 per share. Shares reached their all-time high of $225.64 three days later. After a steep correction, the stock is now hovering around $145. The space stock is now priced just 7% above its original IPO price, and under the price at which it began trading. Newly published historical data, however, suggest there is more upside to come. History says SpaceX stock is a buy at $145 per share Jay Ritter of the Warrington College of Business at the University of Florida has been tracking the performance of IPO stocks for years. On July 7, Ritter released a new report with fully updated statistics. Diving into the data paints an optimistic picture for SpaceX stock today. From 1980 to 2024, Ritter documented 9,253 IPOs. Over that time, the average IPO stock returned 19.1% over a three-year period. The data is already looking good for SpaceX stock. While history doesn't suggest huge returns for the stock over the next three years, the returns are nonetheless expected to be positive. Breaking down the data even further improves SpaceX's prospects. When including only IPO stocks with trailing annual sales of at least $500 million -- a refinement that narrows the universe down to just 1,500 stocks -- the average three-year return improves to 31.8%. When including only IPO stocks with trailing sales of at least $1 billion, the prospects improve even further. These stocks -- which total 866 in all -- average 32.4% returns over their first three years of trading. To be clear, there's no telling exactly where SpaceX stock will head from here. Even if shares have plenty of upside at today's prices relative to historical IPO performances, there is a wide range of outcomes for any one stock. And there are plenty of reasons to believe SpaceX stock is overvalued, even following the correction. Before the June 12 IPO, analysts at the research firm Morningstar valued SpaceX at $63, representing a 53% discount to its IPO price. "Only the most optimistic Moonshot scenario, which requires a rapidly reusable Starship and commercially competitive orbital data centers, approaches the IPO price. The IPO price implies the Moonshot scenario is highly likely, but we think the outlook is very uncertain." I mostly agree with Morningstar's caution. But SpaceX is a unique business with difficult-to-quantify opportunities ahead. Ark Invest, for example, sees SpaceX generating $300 billion in annual revenue by 2030 through the monetization of orbital data centers. If that happens, SpaceX could easily be valued well above $2 trillion. At the end of the day, investors must acquaint themselves with SpaceX's business prospects and current valuation, and form their own opinion of the company's risk-and-reward dynamic.
Elon Musk Admits He Was 'Clearly Wrong' About Anthropic -- and Promises Not to Weaponize SpaceXAI's Compute Access Against the Claude Maker: 'Not My Style'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk publicly reversed his earlier view of Anthropic on Thursday, saying he was "clearly wrong" to doubt the AI company and pledging not to use SpaceXAI's compute leverage to harm a competitor. Musk Calls Anthropic Current AI Leader "I was clearly wrong about Anthropic," Musk wrote on X. "They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon." TechCrunch reported that Musk was referring to his September 2025 post that said, "winning was never in the set of possible outcomes for Anthropic." I was clearly wrong about Anthropic. They are obviously currently the leader in AI. No company has released a model as good as Mythos/Fable and they will undoubtedly have Mythos 2 ready soon. And I would never cut them off in a way that hurt them badly, even as a competitor.... -- Elon Musk (@elonmusk) July 9, 2026 Musk added that he would not cut off Anthropic's access in a damaging way, even though Anthropic competes with his own AI business. "I would never cut them off in a way that hurt them badly, even as a competitor. That's not my style," he wrote. He cited Tesla's patent pledge, its decision to open the Supercharger network to rivals, SpaceX's pricing for competing satellite launches and X's tolerance for criticism as examples of what he called fair competition. "Even my worst enemies can attack me on this platform," Musk wrote. Anthropic Depends On SpaceXAI Compute Deal The exchange followed a claim on X that SpaceXAI now runs a frontier model competitive with Anthropic's Opus 4.8 while Anthropic depends on short-term compute leased from SpaceXAI. Anthropic signed a May deal for 300 megawatts of compute from xAI's Colossus 1 data center near Memphis, Tennessee, paying $1.25 billion a month through May 2029. SpaceXAI said in May that the partnership gives Anthropic access to Colossus 1, which includes more than 220,000 Nvidia GPUs and is designed for AI training, fine-tuning, inference and high-performance computing. SpaceXAI also said Anthropic plans to use the compute to improve capacity for Claude Pro and Claude Max subscribers.
Reviewing Recent Picks: Lessons from SpaceX, Meta, Micron, Bloom, and Credo (NDX) | Seeking Alpha
This idea was discussed in more depth with members of my private investing community, The Active Investors Forum. Learn More " I thought it would be good investment "hygiene" to assess my recent allocations and judge them as evenhandedly as possible. There are only so many names one can fit in a subject line and David H. Lerner is an analyst with a decade of experience utilizing his professional background in software consulting and technology to identify market trends and provide long and short trade ideas. David employs a combination of technical analysis and market psychology to capitalize on narratives for outsized returns. He also utilizes "Cash Management Discipline," a simple trading style to hedge against the volatility of today's market climate.He leads the investing group Active Investors Forum where he uncovers actionable trading and investing ideas nearly every day. Other features include: long and short swing trade alerts, daily macro analysis, weekly articles, and chat for community interaction and questions. Learn More. Analyst's Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
This Vanguard ETF Would Have Quadrupled Your Money Over the Last Decade. History Says Now Is a Smart Time to Invest. (It's Likely to Outperform SpaceX, Too.)
We're all looking for solid investments for our portfolios, right? It's easy to focus on big-name high-flying stocks, such as Nvidia or Micron Technology. But there's also some risk there, as many highfliers end up overvalued and poised to fall extra-hard in a market pullback. (And a market pullback is far from unlikely these days.) So permit me to suggest a terrific investment that you might not have taken seriously enough: a simple, low-fee S&P 500 index fund. A splendid example is the Vanguard S&P 500 ETF (NYSEMKT: VOO). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. 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. Meet the Vanguard S&P 500 ETF Like any good S&P 500 index fund, the Vanguard S&P 500 ETF features low fees. While some actively managed mutual funds might charge you 1% or more of your assets each year, this fund charges 0.03% -- or just $3 annually for every $10,000 you have invested in it. It tracks the S&P 500, of course -- an index of roughly 500 of the biggest stocks in America. Together, they make up about 80% of the value of the entire U.S. stock market, which is why the S&P 500 is often used as a proxy for the total U.S. stock market. Together, the index's recent top 10 components make up about 38% of the index's value by weight. Here they are as of July 9: Data source: Slickcharts.com, as of July 9, 2026. Like many indexes, the S&P 500 is market-cap-weighted, with bigger companies wielding more influence than smaller ones. The fund has a solid record. Check out its average annual return over the last three, five, and 10 years (as reported by Morningstar on July 9): * Last three years: 21.26% * Last five years: 13.11% * Last 10 years: 15.36% Over the last decade, these compounded annual returns would have quadrupled your money. Why invest in the Vanguard S&P 500 ETF? Here are several reasons to invest: * It's a good time to do so (there's rarely a bad time, if you're a long-term investor). * It makes investing easy, plopping you into roughly 80% of the U.S. stock market with one "buy" order. * It offers diversification -- when one company or industry falls, the others can offset that to some degree. For greater diversification, check out the Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP), which weights each of the 500 companies in the index equally. * It's likely to outperform many growth stocks, especially overvalued ones -- including, arguably, Space Exploration Technologies, also known as SpaceX. Consider, for example, that the S&P 500's price-to-sales ratio was recently 3.7, while SpaceX's was 74.7. The S&P 500 has a solid track record, averaging annual gains of close to 10% over many decades, but many growth stocks are far less proven. * The index is designed to perform well, as lagging components are regularly removed to make way for up-and-coming companies. Take a closer look at this ETF to see if it's a good fit for your needs. Should you buy stock in Vanguard S&P 500 ETF right now? Before you buy stock in Vanguard S&P 500 ETF, 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 Vanguard S&P 500 ETF 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 12, 2026. Selena Maranjian has positions in Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Micron Technology, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Micron Technology, Microsoft, Nvidia, Tesla, and Vanguard S&P 500 ETF. 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.
Morgan Stanley Says China's Reusable Rocket Progress Poses Long-Term Challenge to SpaceX
Morgan Stanley Says China's Reusable Rocket Progress Poses Long-Term Challenge to SpaceX. Source: Steve Jurvetson, CC BY 2.0, via Wikimedia Commons Morgan Stanley believes China's rapidly advancing reusable rocket program represents the biggest long-term competitive threat to SpaceX, following the country's first successful recovery of an orbital-class rocket booster. The investment bank said the China Aerospace Science and Technology Corp. (CASC) achieved a major milestone by recovering the Long March 10B booster, making it only the third organization after SpaceX and Blue Origin to accomplish the feat. While the demonstration marks significant progress, Morgan Stanley noted that China must still prove it can repeatedly launch, recover, and reuse rockets before establishing a fully operational reusable launch system. According to the brokerage, China's expanding space industry -- supported by both government-backed programs and private companies such as LandSpace, Galactic Energy, and Space Pioneer -- has become the most serious long-term rival to SpaceX's launch business. The country completed 90 orbital launches in 2025, second only to SpaceX's 165 Falcon 9 missions, highlighting its growing presence in the global space sector. Morgan Stanley also pointed to earlier assessments from the U.S. Space Force, which estimated China was still three to five years away from mastering reusable rocket technology. However, the successful Long March 10B recovery could accelerate that timeline and strengthen China's position in the commercial space race. Beyond launch capabilities, China continues expanding its ambitions in satellite infrastructure. Planned low-Earth orbit constellations, including the Guowang and Qianfan projects, aim to deploy roughly 28,000 satellites, while an additional proposal seeks authorization for more than 190,000 non-geostationary satellites. The brokerage also highlighted China's investment in space-based computing, citing the launch of the first satellites for its planned 2,800-satellite "Star Compute" orbital supercomputer network. Despite increasing competition, Morgan Stanley maintained its Overweight rating on SpaceX with a $300 price target. Analysts said the company continues to lead the industry through its unmatched launch frequency, proven reusable rocket technology, and Starlink satellite connectivity. However, the firm cautioned investors not to underestimate China's accelerating technological progress as it works to narrow the gap with the world's leading commercial space company.
SpaceX's ambitions are bigger than most people think | Mint
"The amount of ambition around [SpaceX's] industrialization is unlike anything I've ever witnessed," says RBC analyst Ken Herbert. Investors are currently focused on SpaceX's valuation following its record-setting IPO. Elon Musk's rocket, communications, and AI company is currently valued at roughly $2 trillion, despite not being expected to generate free cash flow for a decade or more. That's no problem for Wall Street, with some analyst target prices projecting $10 trillion or more in the coming years. The incredible optimism reflects the incredible scale SpaceX has planned, which investors overly focused on early trading might have missed. It's something to behold. Morgan Stanley analyst Adam Jonas models about 50 Starship launches in 2027. That number rises to 6,000 by 2040. Starship is SpaceX's huge, fully reusable rocket that can cut the cost of reaching space from thousands of dollars per kilogram to hundreds. Starship's low costs are the flywheel underpinning SpaceX's potential. Jonas' 204o projection is massive; conservatively, it represents 600,000 metric tons carried to orbit in one year, or more than 10 times what humanity has put into orbit so far in our civilization's history. That's also more than 100 launches a week, requiring, perhaps, a fleet of 200-plus Starships, powered by some 8,000 engines. That fleet won't all be built in a year. Still, Boeing and Airbus suppliers are struggling to build roughly 3,000 turbofan engines for commercial aircraft a year. It starts at Starbase in Boca Chica, Texas, where SpaceX builds Starship. "You go through that plant, it's like walking into the future...The level of automation, the scale. It's like multiple Costcos, and it's full," RBC analyst Ken Herbert told Barron's. "It's mind-blowing the amount of activity and the amount of tooling. It looks incredibly modern." Herbert is a veteran aerospace analyst and has watched Boeing build commercial jets in huge facilities across America. Still, he used words like "mind-blowing," "holy moly," and "floored" to describe SpaceX operations. "The amount of ambition around the industrialization is unlike anything I've ever witnessed," he added. Key to realizing its space dreams the company's high level of vertical integration. SpaceX does most of its work itself. Roughly 60% of the components on a Boeing jet are sourced from suppliers, estimates Herbert. That number for SpaceX is closer to 10%. The space business is still new. That number of outsourced parts could change as the relatively new commercial space industry matures, but SpaceX doesn't want its growth to be gated by supplier issues. To be sure, not everything will go right for SpaceX. Timelines will shift to the right as inevitable hiccups occur. Still, what SpaceX is trying to accomplish is impressive. "I just remember walking in [Starbase] and feeling like...I'm looking at the future," said Herbert. "If they can pull it off, it's unprecedented." Herbert rates SpaceX stock as Buy and sets a $225 price target for the shares. Jonas rates shares Buy. His price target is $300. The average analyst price target for SpaceX stock currently sits at about $242, valuing all that potential at roughly $3.2 trillion.
SpaceX shares continue to fall. Where will they end up?
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More Shares in Elon Musk's Space Exploration Technologies Corp (NASDAQ: SPCX), more commonly known as SpaceX, again fell below the company's $150 opening price over the weekend as opinions diverge on where the stock will end up. SpaceX shares still in the black The historically large SpaceX initial public offering priced the company's shares at US$135 apiece, so those who got in before the company listed are still sitting on gains and would have made a tidy profit if they sold out at the US$225.64 high achieved shortly after listing. The shares have generally drifted lower since that peak was reached, however, and closed Friday's session at US$145.30, not far off their lowest mark of US$145.07. This means that almost everyone who bought on-market would be under water on their investment currently. The stock was included in the NASDAQ 100 index on Tuesday last week, however this failed to significantly bolster the stock. So where to from here for SpaceX shares? The Tradingview website has collated the views of 29 analysts with price predictions on SpaceX shares, with the average share price forecast coming out at US$242.21. However this is distorted by one analyst prediction of a price of US$800 per share on SpaceX shares. Perhaps more useful is the fact that 24 analysts have rated the stock a strong buy, three a buy, while one rates it a sell and one a strong sell. Motley Fool US contributor Manali Pradhan has crunched the numbers on SpaceX's 2027 revenue range and forward sales multiple to come up with an implied market capitalisation, and says US$220 per share is a reasonable base case estimate. As she wrote: Analysts expect SpaceX's 2027 revenue to range from $54.8 billion to $85 billion, with an average estimate of $72.4 billion. Applying a forward sales multiple of 38.5 to 41 times to the 2027 base case revenue estimate yields an implied market capitalization of about $2.79 trillion to $2.97 trillion. Using roughly 13.1 billion shares outstanding, that points to a share price in the range of $213 to $227 at the end of 2026. Long-term vision on SpaceX shares needed The difficulty in valuing SpaceX stems from the fact that of its three divisions, only one - the Starlink "connectivity" division is profitable. The rocket launch and AI divisions are still burning money, with investors needing to buy into the promise that they will in time turn a profit. The company's initial public offer prospectus stated that for the first three months of 2026, the Space division lost US$662 million, the AI division lost US$2.47 billion, and the connectivity division made a profit of US$1.19 billion. The company believes its business opportunity is huge however, saying in the prospectus, "We believe that space represents the largest economic frontier in human history", and suggesting that they will be building AI infrastructure in space, powered by the "virtually limitless" power of the sun, for the benefit of mankind.
This Vanguard ETF Would Have Quadrupled Your Money Over the Last Decade. History Says Now Is a Smart Time to Invest. (It's Likely to Outperform SpaceX, Too.)
We're all looking for solid investments for our portfolios, right? It's easy to focus on big-name high-flying stocks, such as Nvidia or Micron Technology. But there's also some risk there, as many highfliers end up overvalued and poised to fall extra-hard in a market pullback. (And a market pullback is far from unlikely these days.) So permit me to suggest a terrific investment that you might not have taken seriously enough: a simple, low-fee S&P 500 index fund. A splendid example is the Vanguard S&P 500 ETF (NYSEMKT: VOO). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. 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 " Meet the Vanguard S&P 500 ETF Like any good S&P 500 index fund, the Vanguard S&P 500 ETF features low fees. While some actively managed mutual funds might charge you 1% or more of your assets each year, this fund charges 0.03% -- or just $3 annually for every $10,000 you have invested in it. It tracks the S&P 500, of course -- an index of roughly 500 of the biggest stocks in America. Together, they make up about 80% of the value of the entire U.S. stock market, which is why the S&P 500 is often used as a proxy for the total U.S. stock market. Together, the index's recent top 10 components make up about 38% of the index's value by weight. Here they are as of July 9: Data source: Slickcharts.com, as of July 9, 2026. Like many indexes, the S&P 500 is market-cap-weighted, with bigger companies wielding more influence than smaller ones. The fund has a solid record. Check out its average annual return over the last three, five, and 10 years (as reported by Morningstar on July 9): * Last three years: 21.26% * Last five years: 13.11% * Last 10 years: 15.36% Over the last decade, these compounded annual returns would have quadrupled your money. Why invest in the Vanguard S&P 500 ETF? Here are several reasons to invest:
In SpaceX, OpenAI, Anthropic IPOs, how a funding tap could open for Indian start-ups
SpaceX's $75-billion Initial Public Offering (IPO) last month made it the world's largest listing, well ahead of the $25.6 billion raised by Saudi Aramco in late 2019. What SpaceX's IPO also did was to set the stage for what may be equally gargantuan listings in the artificial intelligence (AI) space: OpenAI and Anthropic. And the returns from these three IPOs could open the tap for thirsty Indian start-ups. According to data compiled by private market intelligence platform Tracxn for The Indian Express, the 54 Private Equity (PE) and Venture Capital (VC) firms that have backed SpaceX, Anthropic, and OpenAI have deployed $57.8 billion across 1,376 rounds in Indian technology companies between 2016 and June 2026. Investments in Indian space-tech firms have been just $160 million, with 12 of the 54 participating in four rounds. Apart from validating Elon Musk's confidence in his space-plus-AI company, SpaceX's IPO also made profits for those PE firms and VCs who invested early enough. Consider, for instance, Peter Thiel's Founders Fund, whose $600 million investment in SpaceX was worth more than $50 billion at the company's IPO price of $135, according to a Bloomberg report, which added that Andreessen Horowitz's return from its investment in SpaceX would be the biggest in its history. SpaceX's IPO valued it at $1.8 trillion. In June, both Anthropic and OpenAI had confidentially filed for a listing. While the latter wants to be valued at $1 trillion in its IPO, Anthropic in May said it had raised $65 billion at a valuation of $965 billion. Explained | AI giants, SpaceX gear up for IPOs: Are these companies overvalued, and can Indians invest in them "Historically, successful exits have strengthened the ability of VC and PE firms to raise larger successor funds," said Neha Singh, Tracxn's Co-founder. "Given that India already features in the active portfolios of these 54 firms, a recovery in investment activity is plausible as fresh capital is raised and redeployed." At the same time, Singh cautioned that it is difficult to estimate how much capital may come to India as IPO proceeds are primarily distributed to Limited Partners rather than directly increasing General Partner deployment capacity. The scope However, there are "early signs of capital recycling". Story continues below this ad Take, for instance, Chicago-based VC firm Valor Equity Partners, whose 4% stake in SpaceX was worth around $70 billion at the IPO price. According to reports, Valor is looking to raise $2.5 billion by the end of 2026. But whether any of that money will reach Indian shores is up in the air given Valor's focus on deep tech, defence, and late-stage AI infrastructure in the US, Singh of Tracxn said. Also in Explained | Orbital data centres, extraterrestrial energy: Detailing Musk's ambitions with $1.75 bn SpaceX IPO "As a result, any meaningful increase in India allocations is more likely to emerge over the medium term as successor funds are raised and deployed, rather than as an immediate post-IPO outcome," she added. According to private capital data provider PitchBook, liquidity conditions in Asia-Pacific are improving. This suggests "the region's capital recycling cycle is beginning to repair after several years of constrained realisations," it said in a report late last month. Earlier this year in February, Peak XV had said it had raised $1.3 billion for its new India Seed, India Venture, and APAC funds. Story continues below this ad To be sure, there are differences in how the SpaceX-Anthropic-OpenAI investors have poured money into US and Indian firms. In India, while 71% of the investments of these 54 firms have been at the seed or early stage, 93% of the money in companies such as SpaceX, Anthropic, and OpenAI was at the late-stage. This, Singh of Tracxn said, reflects a "deliberate strategy of concentrating capital behind a small number of category-defining companies rather than following their typical investment pattern" which sees them invest just 12% at the late stage across the US portfolio. Whatever the money and stage, overseas funds will be welcomed not just by the start-ups but even Indian policymakers, with the Indian economy seemingly having sleepwalked into an exodus of foreign capital over the last couple of years as repatriation of past investments piled up rapidly, totalling $150 billion over 2023-24, 2024-25, and 2025-26. This is equal to 61% of gross Foreign Direct Investment (FDI) into the country, resulting in net FDI over the aforementioned three years being a mere $18 billion. Story continues below this ad In 2025-26, Indian start-ups raised $11.7 billion, down 18% from the previous year, according to Tracxn. As it is, private credit is becoming increasingly popular, with Moody's Ratings estimating the size of the Indian market doubled in the last five years to $25 billion at the end of 2025.
This Vanguard ETF Would Have Quadrupled Your Money Over the Last Decade. History Says Now Is a Smart Time to Invest. (It's Likely to Outperform SpaceX, Too.)
We're all looking for solid investments for our portfolios, right? It's easy to focus on big-name high-flying stocks, such as Nvidia or Micron Technology. But there's also some risk there, as many highfliers end up overvalued and poised to fall extra-hard in a market pullback. (And a market pullback is far from unlikely these days.) So permit me to suggest a terrific investment that you might not have taken seriously enough: a simple, low-fee S&P 500 index fund. A splendid example is the Vanguard S&P 500 ETF (VOO +0.46%). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. Meet the Vanguard S&P 500 ETF Like any good S&P 500 index fund, the Vanguard S&P 500 ETF features low fees. While some actively managed mutual funds might charge you 1% or more of your assets each year, this fund charges 0.03% -- or just $3 annually for every $10,000 you have invested in it. It tracks the S&P 500, of course -- an index of roughly 500 of the biggest stocks in America. Together, they make up about 80% of the value of the entire U.S. stock market, which is why the S&P 500 is often used as a proxy for the total U.S. stock market. Together, the index's recent top 10 components make up about 38% of the index's value by weight. Here they are as of July 9: Data source: Slickcharts.com, as of July 9, 2026. Like many indexes, the S&P 500 is market-cap-weighted, with bigger companies wielding more influence than smaller ones. The fund has a solid record. Check out its average annual return over the last three, five, and 10 years (as reported by Morningstar on July 9): * Last three years: 21.26% * Last five years: 13.11% * Last 10 years: 15.36% Over the last decade, these compounded annual returns would have quadrupled your money. Why invest in the Vanguard S&P 500 ETF? Here are several reasons to invest: * It's a good time to do so (there's rarely a bad time, if you're a long-term investor). * It makes investing easy, plopping you into roughly 80% of the U.S. stock market with one "buy" order. * It offers diversification -- when one company or industry falls, the others can offset that to some degree. For greater diversification, check out the Invesco S&P 500 Equal Weight ETF (RSP +0.38%), which weights each of the 500 companies in the index equally. * It's likely to outperform many growth stocks, especially overvalued ones -- including, arguably, Space Exploration Technologies, also known as SpaceX. Consider, for example, that the S&P 500's price-to-sales ratio was recently 3.7, while SpaceX's was 74.7. The S&P 500 has a solid track record, averaging annual gains of close to 10% over many decades, but many growth stocks are far less proven. * The index is designed to perform well, as lagging components are regularly removed to make way for up-and-coming companies. Take a closer look at this ETF to see if it's a good fit for your needs.
NDAQ:SPCX Forum Post | Tradinghands-37050885 | Tesla merger with SpaceX won't save investors | Space Exploration Technologies Corporation
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 ...
