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SpaceX shares surpass $150 amid defense contracts but face profit and cash burn challenges.

Market News
23 Sep 2026
24/7 Wall Street
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Neutral
SpaceX shares surpass $150 amid defense contracts but face profit and cash burn challenges.

SpaceX shares have crossed the $150 mark twice, driven by billion-dollar defense contracts and a strong constellation network. The company reported 92% revenue growth in Q2 2026, with significant contributions from connectivity and AI segments. However, despite a $47.5 billion backlog and $93.52 billion in cash, SpaceX faces operating losses and high capital expenditure, especially in AI compute. The stock's valuation already factors in expected gains from the Golden Dome defense budget and upcoming projects like Starship and Cursor. Investors are advised to hold, awaiting clearer results from contract awards, Starship development, and AI integration in the coming quarters.

SpaceX shares trade at USD 153.34 on Pluang as of Sep 23, 2026 18:41 WIB, slightly down 0.89% for the day. The stock's market cap stands at $2.04 trillion with a 52-week range between $108.27 and $202.09. Pluang investors hold positions for an average of 37 days, with current order activity showing 65% buying interest.

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