SPCX
The Wall Street Journal reports that Elon Musk's tunneling startup The Boring Company is in talks to raise...
Article Summary
HOLD- The Wall Street Journal reports that Elon Musk's tunneling startup The Boring Company is in talks to raise a $4 billion funding round at a valuation of $20 billion, though the deal hasn't closed and the terms could change.
- The valuation would be a significant increase from the startup's $5.7 billion valuation in 2022, and the startup has already built a network of tunnels under Las Vegas, through which Teslas shuttle customers to different stations, but tunnel workers have suffered serious injuries.
- Nevada regulators said last year that the startup violated environmental regulations nearly 800 times.
- The startup has announced plans to build tunnel networks under Nashville and Dubai, and has also pitched projects in Baltimore, Chicago, and Los Angeles.
- SpaceX recently had the largest IPO ever but its stock price has taken a significant dip since then.
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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 ? | 105.7% | 20% | 100.0 ptsMassive Upside (105.7%) - Target: $236.72 vs Current: $115.07 |
| Gross Margin % ? | — | 15% | 40.0 ptsNo Gross Margin Data |
| Drawdown from 52-Wk High ? | -49.0% | 15% | 100.0 ptsDeep Discount (-49.0%) - 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.