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SpaceX IPO recommended despite losses, driven by Starlink's strong growth and AI investments.

Market News
22 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

An analyst recommends buying SpaceX stock at its IPO, highlighting five key reasons including Starlink's 49.8% year-over-year revenue growth and doubling of subscribers to 10.3 million. Despite a $4.94 billion net loss in 2025 due to $20.7 billion capital expenditure mainly in AI, the company's growth potential is strong. The IPO could trade above 90 times sales, which is high but reflects investor enthusiasm. Investors are advised to allocate only 1-3% of their portfolio to SpaceX and watch for execution risks, especially with the expected inclusion in the S&P 500 index.

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