SpaceX Stock Drops. Musk Orbital Data Center Plan Could Change the Growth Story Nauman Khan Wed, October 14, 2026 at 1:50 PM EDT SPCX -3.06% NVDA -3.48% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
SpaceX (NASDAQ:SPCX) shares fell 2% to $153.5 Wednesday morning, putting fresh focus on whether its fast-growing businesses can support the valuation investors are paying for the rocket and satellite company.
Its next phase depends on more than launches. Starlink, the satellite-broadband service, is currently the only profitable division, while the AI operation built around Grok is expanding quickly but remains unprofitable. SpaceX's AI business grew 213% in the second quarter.
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Analysts expect 2027 revenue to reach $115 billion, an increase of 155%. At the current share price, that estimate would value the company at roughly 18 times projected sales, a multiple comparable to Nvidia's. Such a valuation leaves limited room for disappointment if expansion slows.
The larger uncertainty is whether SpaceX can turn plans for orbital data centers into a viable business before AI rivals gain ground or Starlink's customer growth cools. A $1,000 investment could become $2,000 by 2030 if the shares double, but that remains a possible outcome rather than a guaranteed return. The company's short public-market history adds uncertainty to any long-term estimate.
