SPCX
SpaceX (SPCX) fell more than 3% Monday to close at a fresh low of just below $120, extending their decline...
Article Summary
SELL- SpaceX (SPCX) fell more than 3% Monday to close at a fresh low of just below $120, extending their decline to a seventh consecutive session with the stock down 47% from its record high above $225 set a few days after SPCX's record-breaking IPO in mid-June.
- The latest losses followed a series of setbacks for SPCX this morning scrubbed a Falcon 9 launch scheduled to take 24 satellites into orbit from the Vandenberg Space Force Base in California, and SpaceX also aborted a Starship flight test last Thursday.
- The space exploration, satellite connectivity and AI company still ranks among the biggest companies in the U.S., with market capitalization of nearly $1.6 trillion, but the weak performance of the stock recently is reportedly giving other AI IPO-hopefuls cold feet, which would make sense given the chilly reception of more recent offerings.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.0% | 25% | 20.0 ptsMinimal (0.0%) - Very weak |
| EPS Growth Next 5Y ? | 0.0% | 25% | 10.0 ptsVery Weak (0.0%) - Minimal expectations |
| Target Price Upside ? | 100.8% | 20% | 100.0 ptsMassive Upside (100.8%) - Target: $240.65 vs Current: $119.85 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -46.9% | 15% | 100.0 ptsDeep Discount (-46.9%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About SPCX
- Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally.
- The company's Connectivity segment operates a high-speed, low-latency broadband network powered by various Starlink satellites in low-earth orbit, delivering connectivity to various consumer, enterprise, and government customers through its Starlink offering.
- Its Space segment designs, manufactures, and launches reusable rockets to provide access to space.
- It offers launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon.
- The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise customers; X, a real-time information, entertainment, and free speech platform; and AI computational infrastructure.
- The company was founded in 2002 and is based in Starbase, Texas.