SpaceX Stock Languishes Near $145 Despite Alphabet’s $920 Million Monthly AI Pact and Analyst Upgrades
Published on 07/13/2026 at 16:36 | Redaktion boerse-global.de
SpaceX shares are treading water just above their June initial public offering price, even as a torrent of positive catalysts — from a blockbuster artificial intelligence infrastructure deal with Alphabet to a rare analyst upgrade — suggests the company is executing on its post-IPO narrative. The stock closed near $145.30 on Monday, roughly 36% below the $225.64 peak it reached in the days following its Nasdaq debut, and barely $10 above the $135 offer price from June 12.
The most dramatic development came on July 12, when Wall Street Zen lifted its rating on SpaceX from Sell to Hold, a modest but telling shift. The upgrade followed news that Alphabet will pay approximately $920 million per month from October 2026 through June 2029 for access to a cluster of roughly 110,000 Nvidia GPUs and associated computing resources. Anthropic has also signed a significant contract to use SpaceX’s Colossus-1 data center. If both agreements are fully realized, analysts estimate the tied AI infrastructure business could generate around $26 billion in annual revenue — more than the $18.7 billion SpaceX recorded across all segments in 2025, a year that still ended with a $4.9 billion net loss tied to the xAI merger.
Against that backdrop, the stock’s lethargy reflects a deeper disagreement on Wall Street about how to value a company that marries rocket launches, satellite internet and high-performance computing. Of 27 analysts covering the name, 26 rate it a Buy and just one recommends selling, yet their price targets for the next twelve months span from $62 to $800, yielding an average of $242.22. That extraordinary range — roughly 13 times the low estimate — illustrates how differently the Street weights each business line. Short-term technical signals are equally conflicted: Investing.com’s daily model currently flashes a “Strong Sell” reading.
Should investors sell immediately? Or is it worth buying SpaceX?
Cathie Wood’s Ark Invest is betting on the long view. On July 10, Ark purchased 116,971 SpaceX shares for about $17.8 million, adding to a position it has been building through several pullbacks since the IPO. The firm remains committed to the bull case anchored by Starlink and the company’s artificial intelligence ambitions.
Starlink itself continues to provide the operational backbone. On July 11, a Falcon 9 first-stage booster that has now flown 35 times launched 24 Starlink satellites from Vandenberg Space Force Base, bringing the constellation to over 9,600 satellites serving roughly 10.3 million subscribers. That reliable cash flow helps fund the rapid development of Starship, which is preparing for its 13th integrated test flight as soon as this week.
All eyes now turn to August 6, 2026, when SpaceX will report its first quarterly earnings as a public company. For the first time, investors will get a clear look at the margins on those new AI contracts — and perhaps a better sense of which end of that $62-to-$800 analyst spectrum the reality lies closest to. Until then, the stock remains stuck in a tug-of-war between believers like Ark and a market that still isn’t sure what it has bought.
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SpaceX Stock: New Analysis - 13 July
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