https://www.washingtonpost.com/technology/2026/07/27/musks-spacex-tumbles-back-earth-dragging-tesla-down-with-it/

Source: https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-08-20-2026/card/musk-says-next-rocket-catch-is-months-away-and-spacex-stock-sags-ziB2u03acA87Pvu9AJr2

SpaceX’s $2.32 Trillion valuation requires scaling annual top-line revenue from $18.67 Billion to $309.32 Billion—a $290.65 Billion gap—to deliver $77.33 Billion in net profit at a standard 30x P/E multiple.

- Starlink: Consumer broadband caps around 35–50 million rural households due to $92/month prices and urban fiber dominance. There’s some room to grow but nowhere near enough here

- Commercial Launch: Global non-internal launch demand generates under 100 payloads annually, making the ~700–1,000 yearly commercial flights required to hit target launch revenue impossible.

- AI Compute Infrastructure: strictly constrained by the 4-to-7-year backlog in power grid interconnects needed to bring 2.7 Gigawatts of operational data center capacity online. The maximum recurring annual revenue the global ecosystem can structurally afford to pay third-party AI compute landlords is hard-capped at ~$80B to $100B per year.

- Starshield Defense: Growth is limited by defense procurement budget caps, requiring SpaceX to capture more than 100% of current U.S. military space hardware spending to hit targets.

This is why their Hail Mary is orbital data center: a brand-new business with unknown growth potential.

https://finance.yahoo.com/markets/article/spacex-stock-got-cut-in-half-after-joining-an-industry-sell-off-already-underway-chart-of-the-day-100000924.html

We have us mid term selections + iran war + oil crisescand much more. All other stocks are undergoing a lot of volatility and are declining over the course of the days.

But this stock, still has to prove its value, is priced based on a lot promises, is experiencing going up at end of each day.

Every drop is bought up and then there is even money to buy more stocks.

Can sb. tell me what is going on and why this stock is denying the market?

EDIT: I am totally aware of the long-term potential of the company. They have there leg in a lot products, their last earning blew the bad expectations. But i just think it is too early to price in those high expecations for the future since Musk companies usually struggle with income and debt. Doesnt he first has to prove that he can make this company work? He even is merging all his companies and buying other companies. Yes it signals growth but also signals decline at the same time.

I remember reading that the stock evaluation is going to collapse, especially after the August 6th lockup expiry.

So what happened? How is it barely 6% below its initial evaluation?

I haven't exactly been following the topic closely, but I'm quite curious how a company with such a huge evaluation can present such small profit and still be seen as a worthy asset. Please explain?

In my opinion, Musk ruined @SpaceX by merging it to Xai. SpaceX was a gem that I would be happy to invest in it, if it hadn't be merged with Xai. Now, space is only a small fraction of the company... So sad.

I thought it would get hammered down to 50-80. Elon says space dildos and everyone buys his stock. Dude is a professional liar that can sell ice to eskimos. I still think TSLA and SPCX have a garbage future, but I have a feeling this stock will trade crazy high just like Tesla.

Today price went up as above.

Fundamentals do not support this price.Financial results don't explain it.

If people are buying and price goes up to whatever the new high is going to be, will they not be left with huge losses when eventually the price crashes again?

I realise the market is not behaving rationally but I am trying to understand why the pump