SpaceX Stock: Alphabet’s $920 Million Monthly AI Deal and Starship Flight 13 Set Up Pivotal Earnings Report
Published on 07/13/2026 at 12:06 | Redaktion boerse-global.de
SpaceX finds itself caught between two powerful forces — a surging new revenue stream from AI infrastructure and a flagship rocket program still working through teething problems. While the company’s technology has made strides on both fronts, the stock has been stuck near its lowest level since listing, with investors waiting for either a breakout test flight or a clearer picture of the bottom line.
The most dramatic development has little to do with rockets. Alphabet has agreed to pay roughly $920 million a month to SpaceX starting in October 2026, locking in access to a cluster of about 110,000 Nvidia GPUs and associated computing resources through June 2029. On top of that, AI lab Anthropic has signed a major contract to use SpaceX’s Colossus-1 data center. If both deals ramp up as planned, market observers estimate they could funnel around $26 billion a year into SpaceX — a sum that would dwarf the company’s existing satellite and launch businesses. For context, SpaceX reported total revenue of $18.7 billion for 2025, up 33% year-on-year, though a net loss of $4.9 billion tied to the xAI merger kept it in the red.
That merger, and the strategic pivot toward high-performance computing, has begun to shift analyst sentiment. Wall Street Zen upgraded SpaceX from Sell to Hold on July 12, noting that the stock had fallen nearly 34% from its post?IPO high of $225.60 to around $145.29. The shares currently trade at $145.30, barely above the 52?week low of $145.07 touched on July 10, and have lost ground since their first-day close at $150 in June. Still, they remain above the $135 IPO offering price — a narrow cushion that has failed to attract broad buying interest even after the company’s inclusion in the Nasdaq?100 on July 7.
Should investors sell immediately? Or is it worth buying SpaceX?
The near-term catalyst many are watching is Starship’s 13th integrated test flight, tentatively scheduled for July 16. On July 10, SpaceX fired up the Super Heavy Booster 20 — the second “Version 3” booster to reach the Starbase launch site in Texas — for a roughly 25?second static-fire test that simulated launch conditions. The upcoming mission aims to correct anomalies from Flight 12, most notably the failure of the Super Heavy booster to perform a controlled “soft” landing in the Gulf of Mexico. SpaceX traced that problem to engine ignition timing: the upper stage’s Raptors lit while the booster was still attached, causing a roughly 90?degree misalignment during the flip maneuver, and five engines failed to relight for the descent burn. The company has since revised the start sequence to be more tolerant of timing deviations and added hardware modifications for more reliable reignitions, as well as updated engine alarms and abort protocols.
Whether Flight 13 launches on schedule depends partly on the Federal Aviation Administration’s investigation into the Flight 12 incident, which as of July 10 had not been concluded. A successful flight would not only validate fixes to the Version 3 architecture but could also clear the way for Starship’s first orbital attempt on the next mission — a milestone critical for deploying Starlink V3 satellites and for SpaceX’s role as the lunar lander provider for NASA’s Artemis program.
Meanwhile, the Starlink business continues to grind out reliable cash flows. SpaceX launched 24 satellites from California’s Vandenberg Space Force Base on July 11, with the Falcon 9 first-stage B1071 completing its 35th flight. The constellation now serves roughly 10.3 million users via more than 9,600 operational satellites. In the first half of 2026 alone, SpaceX placed 1,589 satellites into orbit, up from 1,489 in the same period last year. These steady deployments fund Starship’s development, but they have not been enough to lift the stock out of its post?listing rut.
All eyes now turn to the company’s first quarterly report since going public, due on August 6. That filing will offer the earliest look at margins in the newly integrated AI division and should show whether the Alphabet and Anthropic contracts are already contributing to the top line. Analyst price targets on the stock remain extraordinarily wide, reflecting the uncertainty around how quickly — and profitably — SpaceX can blend satellite connectivity, orbital data centers, and heavy-lift rockets into a coherent financial story. For now, the market is waiting for either a rocket or a revenue number to break the silence.
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SpaceX Stock: New Analysis - 13 July
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