SpaceX Has Tumbled 27% From Its Recent Peak. Time to Buy the Dip?
Key takeaways
- Space X has leading positions in rocket-launching technologies and satellite internet and mobile services, and it appears to be in the early stages of building a top artificial intelligence (AI) services business.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
- SpaceX still has a market capitalization of roughly $2.16 trillion.
Keith Noonan, The Motley Fool Wed, July 1, 2026 at 5:05 PM GMT+7 3 min read SPCX NVDA Space Exploration Technologies (NASDAQ: SPCX), or Space X, roared out of the gate following its initial public offering on June 12, reaching an intraday high of roughly $225.64 per share on June 16. As of this writing, the company's share price is down roughly 27% from that high point.
Space X has leading positions in rocket-launching technologies and satellite internet and mobile services, and it appears to be in the early stages of building a top artificial intelligence (AI) services business. Should investors buy the stock following its substantial valuation pullback?
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 »