Space Exploration Technologies Corp. Class A Common StockSPCX
± MixedCapitalrelevance
Stock up 8% since IPO but trades at high P/S ratio of 112, with AI monetization years away.

Space Exploration Technologies, trading as SpaceX, opened at $150 on its first day of trading and a $1,000 investment would now be worth about $1,080, an 8% gain. The stock initially surged to a high of $225 before pulling back. SpaceX merged with xAI in February 2026 and plans to build AI infrastructure in space, but test demonstrations may not begin until the end of next year and full monetization could take years. With a market cap of $2.1 trillion and 2025 revenue of $18.6 billion, the stock trades at a price-to-sales ratio of 112, which may weigh on near-term performance.
Space Exploration Technologies Corp. Class A Common StockStock up 8% since IPO but trades at high P/S ratio of 112, with AI monetization years away.