SpaceX Loses One Trillion Dollars in Market Value

From Record High to Price Plunge

However, the record high is contrasted by mixed business figures. Last year, SpaceX recorded losses of around 4.94 billion dollars on revenue of 18.67 billion dollars, according to the available data. As was expressly noted, the underlying business figures stand in "krassem Gegensatz" to the market valuation – investors paid more for the hope of future successes.

Analysts nevertheless view the company positively in the majority. Deutsche Bank AG had issued a "Buy" rating for SpaceX on 14.07.26. Bernstein Research had issued an "Outperform" rating on 13.07.26 and at the reporting day at 12:36 p.m., respectively. Thus, Friday's price losses apparently did not fall within a broadly initiated wave of downgrades by the analyst firms.

Losses and Valuation Discrepancy

Reports of ongoing negotiations with the US Department of Defense attracted additional attention. "Laut einem Bericht des "Wall Street Journal" verhandelt SpaceX mit dem US-Verteidigungsministerium über die Bereitstellung von Rechenleistung für KI." It involves computing capacities worth several billion dollars. However, as was further stated: "Die Gespräche dauerten an und könnten noch scheitern."

Despite the massive loss in value, the company remains the most valuable aerospace and AI company on the stock exchange following its record-breaking IPO. The market capitalization of 1.63 trillion dollars still exceeds that of many established industrial corporations. Observers therefore interpret the price slump less as a loss of confidence in the business model and more as a reaction to the previously extremely stretched valuation following the IPO.

Analysts Remain Predominantly Positive

This also brings into focus the question of whether the SpaceX stock will find its floor. The issue price at the IPO was $135 – the current price of $123.99 is quoted for the first time below this level. Should the further business performance not confirm the high expectations, further corrections could follow.

At the same time, SpaceX is positioning itself with the announced AI business with the Pentagon in a high-growth market segment. Should the negotiations with the US Department of Defense be successfully concluded, the company could tap into an additional, long-term revenue stream. The investment story is thus increasingly shifting from traditional aerospace toward government-demanded computing power for artificial intelligence.

AI Deal with the Pentagon as Price Support

Elon Musk, who is also cited as the head of Tesla, continues to hold the majority stake in SpaceX through his holdings. His fortune had briefly summed to one trillion dollars through the IPO. With the price slump, however, this record value melted down significantly again.