SpaceX Stock: Big Dreams, Big Swings

SpaceX’s SPCX has swung wildly since its IPO—peaking near $225, dropping to about $105, and rebounding to the low-$140s—as investors weigh the huge spending against growing AI revenue and Starship milestones. Key drivers: hype outpacing reality, multi‑billion capex (about $18.4B in Q2 with $15.8B on AI infra) while AI revenue rose ~247% to $2.6B and EBITDA turned positive in that segment, and Starship's development risk and potential to slash launch costs. At a $1.9T valuation with quarterly revenue under $8B, long‑term investors should watch SpaceX’s growth/profitability, returns on AI investments, and Starship progress; the Fool notes it isn’t among their current top stock picks.