Space Exploration Technologies (NASDAQ: SPCX) made its public debut on June 12 at a valuation of nearly $2 trillion.
As of June 18, just a few days later, SpaceX has added another roughly $500 billion to its market capitalization
Is it worth buying at this price? Three businesses, one stock The company is really three businesses under one roof: space, connectivity, and artificial intelligence (AI). The first involves developing and launching rockets.
Connectivity covers Starlink, the company’s satellite internet service. And then there is the AI segment, which includes the social media platform X as well as xAI, Elon Musk’s answer to OpenAI and creator of Grok. Of the three, only one makes money.