Key Facts on SpaceX’s Market Performance
Space Exploration Technologies (NASDAQ: SPCX) went public in June 2026, initially peaking at $225.64 per share before falling to approximately $162, despite remaining above its $135 IPO price. The company generated $18.7 billion in revenue in 2025, with its Starlink satellite internet service accounting for about 60% of this revenue, contributing $4.4 billion in operating income.
SpaceX has secured key deals in the AI sector, including a $920 million per month contract with Alphabet, projected to be worth $26 billion over three years. The company will also join the Nasdaq-100 index on July 7, possibly requiring $4.3 billion in share purchases by index funds. Currently, short interest stands at 196 million shares, or 31% of the float, indicating significant market speculation against the stock.
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