Down 30% From Its High, Is SpaceX Stock a Buy Now?

SpaceX’s stock remains about 30% below its all-time high after a sharp post-IPO drop, renewing debate over whether the pullback offers an entry point. The shares began trading at $150 and climbed to an intraday peak of $225.64 within days. The move faded after the company announced plans to raise additional capital through a bond issue, and the article notes only a modest rebound since then. The analysis emphasizes that SpaceX’s revenue is dominated by Starlink, while rockets contribute roughly 22% of revenue and 11% of profits. In 2025, SpaceX generated $18.7 billion in revenue but posted a net loss of $4.3 billion. With a $2.08 trillion market cap, the stock trades at 111 times 2025 sales, versus a Wall Street consensus forecast of $36.9 billion in 2026.