$1,000 Investment in SpaceX at IPO Would Be Worth Today and What Comes Next
SpaceX (NASDAQ: SPCX) priced its shares at $135 during its June 2026 initial public offering but the stock has since fallen nearly 16% to $113.5 as of July 27, reducing a $1,000 IPO investment from about 7.41 shares worth roughly $841 today. High demand and limited supply initially drove up the share price after the IPO but concerns over valuation led to subsequent declines. The company's long-term performance is closely tied to its Starlink satellite internet business, which generated significant revenue in Q1 with $3.26 billion and operating profit of $1.19 billion. However, this profitability includes capitalized costs for satellites that are recognized gradually through depreciation. Additionally, a contract with Anthropic provides SpaceX with substantial computing capacity payments but the AI segment remains unprofitable. Looking ahead, SpaceX is set to report Q2 results on August 4 and will face potential volatility as employee-held shares become eligible for sale. The company also plans a $60 billion stock-funded acquisition of Cursor and has issued bonds adding interest costs while investing in ambitious projects like Starship.
Topics: investing IPO performance SpaceX Starlink