SpaceX Has Tumbled 27% From Its Recent Peak. Time to Buy the Dip?

1 hour ago 3

Keith Noonan, The Motley Fool

Wed, July 1, 2026 astatine 5:05 AM CDT 3 min read

Space Exploration Technologies (NASDAQ: SPCX), oregon SpaceX, roared retired of the gross pursuing its archetypal nationalist offering connected June 12, reaching an intraday precocious of astir $225.64 per stock connected June 16. As of this writing, the company's stock terms is down astir 27% from that precocious point.

SpaceX has starring positions successful rocket-launching technologies and outer net and mobile services, and it appears to beryllium successful the aboriginal stages of gathering a apical artificial quality (AI) services business. Should investors bargain the banal pursuing its important valuation pullback?

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A question people and a illustration line.

Does SpaceX banal connection compelling worth close now?

SpaceX inactive has a marketplace capitalization of astir $2.16 trillion. At that valuation, the institution trades astatine astir 115 times past year's $18.7 cardinal successful revenue. SpaceX posted yearly income maturation of 33% successful 2025, and there's a bully accidental the concern is really poised for meaningful acceleration erstwhile it comes to gross maturation this year, acknowledgment to caller AI processing contracts, enlargement for the adoption of Starlink services and merchandise portfolios, and continued maturation for its rocket-launching services.

But there's a bully accidental that SpaceX's nett nonaccomplishment volition besides grow importantly from past year. The concern posted a nett nonaccomplishment of astir $4.9 cardinal past year, with its AI concern accounting for the immense bulk of those losses. Notably, the AI portion is the focal constituent of the company's maturation ambitions -- and monolithic infrastructure spending this twelvemonth should pb to a ample summation successful the business's nett loss.

Even though SpaceX has seen a large valuation pullback pursuing its post-IPO high, the institution inactive trades astatine an enormously growth-dependent valuation. The likelihood that the company's nett nonaccomplishment volition leap importantly this twelvemonth presents a large hazard factor, and that isn't the lone imaginable valuation headwind connected the horizon. If investors go little consenting to delegate large valuation premiums to AI processing and abstraction tech stocks, SpaceX banal could proceed to tumble.

With that successful mind, I deliberation that investors who privation to ain a portion of the institution volition beryllium champion served by waiting for a amended introduction point.