SpaceX Stock Swings After Record IPO and Strong Earnings

SpaceX's shares under ticker SPCX have fluctuated wildly since its June IPO at around $135, fueled by a blockbuster Q2 with $7.8 billion in revenue—up 92% year over year—and Starlink subscribers doubling to 12 million.

The company holds $100 billion in cash while advancing Terafab, a massive Texas semiconductor complex with a $16.8 billion investment to produce AI chips for robotics and space tech.

Analysts differ: some rate it a sell at $75 due to high spending and risks, while bulls eye trillion-dollar potential tied to growth and Tesla links.

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