SpaceX's stock has dropped 25% since its June 16 IPO peak due to concerns over its high $1.8 trillion valuation and ongoing cash losses. While its Starlink unit is profitable but facing declining revenue, its Space launch and AI divisions are heavy cash burners causing significant losses. Investor fears grew after a $60 billion acquisition and a $25 billion bond sale that traded poorly. Analysts remain divided, with some predicting further declines and others forecasting massive growth, hinging on SpaceX's ability to prove a clear path to profitability.
SpaceX's stock has risen about 7.6% since its IPO price of $135 per share one month ago, despite significant price swings. The company raised $75 billion in the largest IPO ever, with an initial valuation near $1.77 trillion and a peak market cap abo...
Backpack has introduced the first-ever 24/7 trading platform for real U.S. equities, allowing international investors to buy and sell stocks like SpaceX, Micron, and SanDisk around the clock. Unlike synthetic derivatives, these are actual equities wi...
SpaceX stock surged to an all-time high of $225.64 shortly after its IPO but has since settled back near its initial price of around $150. Early investors who bought at the IPO price of $135 still see profits, but recent trading shows limited gains o...
SpaceX released Grok 4.5, an AI coding model priced significantly lower than rivals but delivering competitive performance. It excels in efficiency, using fewer tokens per task, which lowers overall costs despite slightly weaker benchmarks compared t...
SpaceX has released Grok 4.5, an advanced AI model developed with Cursor, aimed at improving coding and agentic workflows for enterprise use. This 1.5 trillion parameter model offers performance close to leading AI models like Anthropic's Claude Opus...
