Great. We can only hope it goes to zero.
SpaceX stock drops to a new low and loses $1T in value in a month
21–30 of 73 posts
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#22SpaceX insiders have so many shares, once they can they are going to dump hard, get ready for another -$1T. Morningstar says $780 billion. Clown show: Raymond James - $800 Morgan Stanley - $300 Deutsche Bank - $255 JPMorgan - $225 Goldman Sachs - $205 Citi - $200
$200b seems very low for a company with this level of capital investment. They did 167 launches last year. It's one of the few industries where US is outproducing China. We have both more launches and heavier launches. Put another way, the US spent $250b~ (inflation adjusted) dollars on the shuttle program, and we get much more output from SpaceX than we did for Shuttle.
SpaceX's annual revenue is estimated at $40B for 2026. A comparison might be Lockheed Martin, with annual revenue of $75B in 2025, and a market cap of $120B. So I wouldn't say $200B sounds low at all, even if their revenue doubles (twice, since $40B is actually a projection where they were doing $20B last year, though it's apples and oranges with the acquisition of Musk's failing companies.)
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#23I wonder what does it all mean for possible SpaceX Tesla merger.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#24SpaceX insiders have so many shares, once they can they are going to dump hard, get ready for another -$1T. Morningstar says $780 billion. Clown show: Raymond James - $800 Morgan Stanley - $300 Deutsche Bank - $255 JPMorgan - $225 Goldman Sachs - $205 Citi - $200
$200b seems very low for a company with this level of capital investment. They did 167 launches last year. It's one of the few industries where US is outproducing China. We have both more launches and heavier launches. Put another way, the US spent $250b~ (inflation adjusted) dollars on the shuttle program, and we get much more output from SpaceX than we did for Shuttle.
Reusable launch vehicles were in their infancy during the Shuttle program days.
Multiple launch vehicles and crew vehicles exist now, and more are on their way.
Taking tech from TRL1 to TRL9 with 2.5million moving parts in it is vastly different from coming up with another TRL9 design.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#25Curious that Tesla stock fell in price at the moment of the Starship abort. For what possible reason would a failed rocket launch affect the fortunes of an electric car company?
There is speculation about Tesla-SpaceX merger in the future.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#26SpaceX insiders have so many shares, once they can they are going to dump hard, get ready for another -$1T. Morningstar says $780 billion. Clown show: Raymond James - $800 Morgan Stanley - $300 Deutsche Bank - $255 JPMorgan - $225 Goldman Sachs - $205 Citi - $200
$200b seems very low for a company with this level of capital investment. They did 167 launches last year. It's one of the few industries where US is outproducing China. We have both more launches and heavier launches. Put another way, the US spent $250b~ (inflation adjusted) dollars on the shuttle program, and we get much more output from SpaceX than we did for Shuttle.
The list contains target share prices, not market cap. $200 is way above the current $125.
The launch number is irrelevant. Starlink is SpaceX's largest customer and that is a problem. The revenue from launches is not great. The xAI fantasies are unproven.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#27morningstar said the fair price is $62
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#28Great. We can only hope it goes to zero.
We can do more than hope.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#29Investors clearly aren't familiar with rocket launches. SpaceX scrubbed their Starship launch last evening so they could fix an engine issue. SpaceX stock immediately crashed. Even worse, Rocket Lab, an entirely unaffiliated company, had its stock plummet after the SpaceX scrub.
Re: SpaceX stock drops to a new low and loses $1T in value in a month
#30Germans are getting an existential crisis if VW's profit is "only" $8 billion and unprofitable companies in the US are initially sold at $trillion market cap.
SpaceX is not a growth stock. The launch business is limited and circular with Starlink, Twitter is a loss and xAI's hardware rental business is being entered by Meta and others.