From Rockets to Red Flags: Here Is How to Play SPCX Stock After AI Safety Controversy Ruchi Gupta Wed, July 8, 2026 at 11:25 AM PDT 4 min read SPCX Space Exploration Technologies (SPCX), better known as SpaceX, is a vertically integrated aerospace, connectivity, and artificial intelligence company founded in 2002 by Elon Musk and headquartered in Starbase, Texas. The company operates across three segments: Space, which designs and launches reusable rockets including Falcon 9, Falcon Heavy, and the next-generation Starship system; Connectivity, which powers the Starlink satellite broadband network serving 10.3 million subscribers across 164 countries; and AI, encompassing the Grok large language model (LLM), X social media platform, and the Colossus AI data center complex, all absorbed through SpaceX's landmark acquisition of xAI in February 2026. SpaceX Stock Remains Volatile SPCX stock made its Nasdaq ($NASX) debut on June 12, 2026, the largest IPO in history at a valuation of $1.77 trillion, priced at $135 per share and closing its first trading day at $161, a 19% gain. The stock reached an all-time high of $225.64 on June 16 before retreating sharply, trading around $149 as of July 7, 2026, representing a roughly 34% pullback from the peak. More News from Barchart AbbVie vs Eli Lilly: 1 Is Clearly the Better Dividend Stock to Buy and Hold for the Next 10 Years The Nasdaq-100 Could Be Forming a Textbook Diamond Top. Here's What to Watch on the QQQ Chart Now. SpaceX Has Massive Multiyear Put Options Volume As SPCX Falls Below IPO Price Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. SpaceX joined the Nasdaq-100 ($IUXX) on July 7, 2026, triggering an estimated $4.3 billion in passive inflows from index trackers. Compared to the Nasdaq Composite, which has broadly advanced on AI infrastructure enthusiasm in 2026, SPCX has significantly underperformed since its debut, weighed down by valuation concerns, a thin 5% public float driving acute volatility, and investor unease over deepening AI-segment losses offsetting Starlink's robust profitability. www.barchart.com SpaceX Earnings Report SpaceX's Q1 2026 financials, disclosed as part of its IPO prospectus for the quarter ended March 31, 2026, revealed consolidated revenue of $4.694 billion, an operating loss of $1.943 billion, and adjusted EBITDA of $1.127 billion. Since SpaceX was pre-IPO at the time of reporting, no formal Wall Street consensus estimate existed. Revenue grew 15% year-over-year (YoY), with the Connectivity segment generating $3.257 billion, driven by Starlink, delivering $1.188 billion in operating income and $2.087 billion in adjusted EBITDA, the only profitable business unit. Story Continues The net loss for Q1 2026 widened to $4.28 billion, with the company's accumulated deficit now at $41.3 billion. The AI segment posted revenue of $818 million alongside an operating loss of $2.469 billion and an adjusted EBITDA loss of $609 million, reflecting the capital intensity of scaling xAI's Grok model and Colossus supercomputer infrastructure. SpaceX held $15.9 billion in cash and equivalents at the end of Q1 2026, against...
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