SpaceX reported strong Q2 results with revenue up 92% to $7.8 billion and adjusted EBITDA nearly tripling. The number of Starlink subscribers doubled to 12 million, highlighting rapid growth in its Connectivity segment, which is highly profitable. However, the company faces significant capital expenditures, leading to a free cash outflow of about $25 billion in the first half of 2026. Management aims for an annualized revenue run rate exceeding $100 billion by December 2026, but this ambitious target carries execution risks due to aggressive spending. Despite these challenges, SpaceX is rated a buy for its exceptional growth and vertical integration, provided it executes flawlessly to manage rising leverage and justify its valuation.
SpaceX stock opened at $135 during its IPO but has struggled to maintain gains, currently trading slightly above IPO price but below initial day prices. A $10,000 investment at IPO would yield modest profits or losses depending on timing, with the st...
Anthropic's initial public offering (IPO) is now expected in October rather than September, according to prediction markets and recent reports. The AI firm gained a legal victory against the Pentagon over a 'supply chain risk' label, boosting its pro...
SpaceX's stock price climbed 4% to $139, surpassing its IPO value, driven by JPMorgan's reaffirmed 'Overweight' rating and $240 price target. The bank highlights SpaceX's expanding AI ambitions, especially after acquiring Cursor, which brings $4 bill...
EchoStar sold over $40 billion in spectrum, including to SpaceX, improving its liquidity but leaving its subsidiary Hughes Satellite Systems bankrupt with $1.5 billion in debt. Creditors allege EchoStar stripped assets from Hughes through above-marke...
Space Exploration Technologies Corp. (SpaceX) reached a $1.80 trillion market cap after its historic IPO and is advancing its Starship rocket for Starlink launches, moving away from Falcon 9. The company plans a $100 billion investment to build a new...
