Shares of Space Exploration Technologies Corp. dropped 2.10% to $134.10 in premarket trade on Monday, giving up the majority of Friday’s 2.22% gain and pulling the stock under its IPO level of $135. The price was registered at 07:27 EDT.
| Q2 2026 measure | Value | Signal |
|---|---|---|
| Revenue | $7.8B | +92% YoY |
| Adjusted EBITDA | $3.5B | +191% YoY |
| Net loss | $541M | narrowed |
| Capital expenditure | $18.4B | 2.4× revenue |
| AI capex | $15.8B | 86% of capex |
Market data captured August 21, 2026, 08:01:21 EDT / 14:01:21 CEST. Nasdaq cash market: pre-open. Price and volume refer to the August 20 close.
AI infrastructure used $15.8bn, or 86% of quarterly capital expenditure.
At $134, the eligible tranche is worth about $42.7bn. Eligibility does not mean immediate sale.
| Analyst | View | Target | Upside |
|---|---|---|---|
| Cantor | Overweight | $246 | 83.6% |
| UBS | Buy | $210 | 56.7% |
| Mizuho | Outperform | $200 | 49.3% |
| BofA | Buy | $235 | 75.4% |
| Near-term pressure | Longer-term support |
|---|---|
| Starship upper-stage catch delayed by months | U.S. seeks 1,000 annual launches by 2030 |
| 319m shares newly eligible | Q2 revenue up 92% |
| Close 40.6% below 52-week high | $14.1bn cloud-services contracts |
Volume above the 120.2m-share average without a deeper price break would show that buyers are absorbing the unlock. Renewed selling toward the $104.83 low would put capital spending and execution back in control of the valuation.
Sources: Yahoo Finance most-active screen, SpaceX August 4 current report, MarketWatch, Reuters, Wall Street Journal and cited analyst actions. Dollar figures are U.S. dollars.
