Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTRuchi GuptaMon, June 22, 2026 at 10:41 PM GMT+2 4 min readSpace Exploration Technologies (SPCX), better known as SpaceX, is a vertically integrated aerospace, satellite connectivity, and artificial intelligence heavyweight. Founded by Elon Musk in 2002, the company operates across three main units – Starlink (connectivity), xAI (artificial intelligence), and Space. The company has redefined the economics related to space exploration using reusable rockets, minimizing launch costs by up to 90% versus competitors.Its connectivity program, Starlink, now handles approximately 9,600 low-earth orbiting satellites in over 164 countries, delivering high-speed internet, low-latency internet connectivity. Meanwhile the xAI platform, now integrated into SpaceX, spans its frontier, Grok LLM, the X platform (formerly known as Twitter), and orbital AI compute satellites slated for deployment in 2028.More News from BarchartD-Wave Just Unveiled a Major Quantum Breakthrough. QBTS Stock Looks Ready for Another Surge.Micron Technology Earnings: Bull Put Spread TradeStocks Erase Early Gains as Alphabet and Software Companies FallStop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!SpaceX Spikes Post IPOSpaceX completed its IPO on 12 June, raising approximately $87 billion at $135 per share, making it the largest IPO in history. The company shares hit an all-time high of $225.64 on June 16, before pulling back to the $185 level, still representing a 37% rise in just 10 days.Against the Nasdaq Composite’s ($NASX) 12.54% year-to-date (YTD) gain, SPCX’s explosive start has already captured the imagination of both institutional and retail investors globally. The stock has become the most sought-after retail stock, outperforming Nvidia (NVDA) by 3.5 times in retail volume.www.barchart.comSpaceX Financial MetricsSpaceX posted its first-quarter results with a revenue of $4.69 billion, while reporting an operating loss of $1.94 billion and adjusted EBITDA at $1.13 billion, reflecting its heavy investment in xAI infrastructure and Starship development. Starlink generated $3.26 billion in revenue in Q1, constituting 69% of total revenue, making it an indispensable financial engine for the company.Connectivity stood out as the only profitable sector for SpaceX, recording $1.19 billion in operating profit, while the space business posted a loss of $619 million, with the AI unit posting $2.5 billion in operating loss, citing heightened R&D investment costs. AI segment and R&D costs spiked over 300% to $5.06 billion for full-year 2025, driven by $1.67 billion in higher GPU depreciation and $1.44 billion in infrastructure and cloud expenses.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info