SpaceX Stock Plunges 31% From Peak as AI Losses Mount

EarningsCorporate Action Impact 4
โดย The Motley Fool·Read original
Summary · why it matters

SpaceX shares have tumbled 31% from their post-IPO peak, erasing over $600 billion in market value, as investors sour on the company's aggressive AI expansion. The stock, which debuted at $135 on June 11 and surged to $225 within three sessions, fell to around $156 by June 24. The company lost nearly $5 billion in 2025 and posted a $1.94 billion operating loss in the first quarter of 2026, with only the Starlink segment turning a profit. The xAI division, absorbed in February 2026, lost $2.47 billion on $818 million in revenue, and a recent $60 billion all-stock acquisition of AI start-up Cursor triggered a 20% two-day drop. Morningstar's fair value estimate of $63 per share underscores the disconnect between fundamentals and a market cap that briefly neared $3 trillion. Investors who already hold Tesla face concentrated Elon Musk-related risk, as both stocks move in tandem, and Musk's 85% voting control raises governance concerns over related-party deals.

Impact on stocks 4

Artificial Intelligence · 3 stocks
Tesla Inc
TSLA
▼ NegativeCapitalrelevance

Investors face concentrated Elon Musk-related risk as both stocks move in tandem, and governance concerns over related-party deals

Financials · 1 stocks
Morningstar Inc
MORN
± MixedCapitalrelevance

Morningstar's fair value estimate of $63 per share is cited as a benchmark, but the article does not discuss Morningstar's own business

Theme Impact 1

Off-coverage companies 1

CursorPrivate± Mixed
relevance

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