Motley Fool contributor Keithen Drury recommends holding SpaceX shares—or staying on the sidelines if you own none—rather than buying now. He cites 92% second-quarter revenue growth but says the $2 trillion market cap is 45 times estimated 2026 sales.
In the second quarter, SpaceX reported $4.3 billion in connectivity revenue, $2.6 billion from AI and $962 million from space, its smallest segment. Year over year, AI revenue rose 213% and connectivity revenue 66%. The article says the company sees growth in connectivity and AI as a way to fund its longer-term aim of developing a space economy.
Wall Street analysts estimate SpaceX will generate $44.8 billion in revenue this year. Drury says that even a hypothetical 50% profit margin would leave the shares valued at 90 times earnings; he suggests watching the stock over the next year before deciding whether to buy.
