Space Exploration Technologies Corp. (SPCX) is transitioning to a vertically integrated AI infrastructure company, aiming to combine advanced AI models, large-scale computing, and satellite connectivity. Beginning in October, SPCX has secured a $6.7 billion cloud-services revenue contract spanning six months. The company is also pursuing a $60 billion acquisition of Cursor, expected to finalize in Q3 2026, which could enable a pathway to over $100 billion in annualized revenue by December 2026.
SPCX plans to launch AI compute satellites by 2028, creating space-based data centers to meet rising AI computing resource needs. Currently, SPCX’s stock has decreased by 10.9% since its IPO, contrasted with the industry’s growth of 118.8%. The company’s forward price-to-sales ratio stands at 23.31, significantly above the industry average of 8.04.
The Zacks Consensus Estimate for SPCX’s earnings for 2026 has risen by 71.7% over the past month, reflecting growing confidence in the company’s future performance.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
