SpaceX Stock Plunged Today. Is It Finally Time to Buy?

SpaceX Stock Plunged Today. Is It Finally Time to Buy?

Howard Smith, The Motley Fool

Wed, August 5, 2026 at 6:56 PM GMT+3 2 min read

• SPCX +6.14%
• NVDA -0.10%

Space Exploration Technologies (NASDAQ: SPCX) just reported its highly anticipated first quarterly report as a public company. Investors are selling the news, though. SpaceX stock plunged as much as 13% before paring that loss.

The stock is trading well below its initial public offering (IPO) price of $135 per share, and the question for investors is when the stock will bottom out or whether it offers enough value to buy now.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Real revenue growth

SpaceX was priced to perfection in its debut in the public markets. The company itself is delivering on expected growth, though. Revenue of $7.8 billion represented 92% year-over-year growth. CEO Elon Musk told investors that growth will not only continue but also accelerate. He expects SpaceX to be generating revenue at a $100 billion annual run rate by the end of this year.

Musk also advanced the company's goal of achieving $1 trillion in annual revenue by 2030, noting that it could reach this target as early as 2029. That seems achievable, since the company intends to build AI compute infrastructure in space, serving all hyperscalers. There doesn't seem to be any competition for doing so at this time.

That makes the stock's decline an opportunity for long-term investors. SpaceX shares should move higher over time if Musk accomplishes much of what he plans. The AI capital spending that has investors concerned today will pay dividends in the long run.

Should you buy stock in Space Exploration Technologies right now?

Before you buy stock in Space Exploration Technologies, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Space Exploration Technologies wasn't one of them. The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $396,758!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,300,820!*

That performance is why people listen. With a track record of beating the S&P 500 by 4x, Stock Advisor offers a distinct advantage. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built for the long haul.

See the 10 stocks »

*Stock Advisor returns as of August 5, 2026.

Howard Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

SpaceX Stock Plunged Today. Is It Finally Time to Buy? was originally published by The Motley Fool