SpaceX stock trades at $148.18, with 80% of analysts maintaining a buy rating as the company's connectivity segment drives growth despite significant quarterly net losses.
SpaceX's Starlink subscriber growth is accelerating, with Q2 net additions of 1.7 million, driving bullish analyst sentiment and a 57% upside target.
SpaceX shares have surged 37% over the past month, fueled by a record 1.7 million net subscriber additions to its Starlink service in Q2. While analysts maintain a bullish consensus with a 57% upside target, concerns persist regarding high capital expenditures and declining average revenue per user (ARPU).
The stock's performance is primarily driven by the growth of Starlink's active subscriber count, which reached 12 million in Q2.
Bears point to high capital expenditure, a net loss of $541 million in Q2, and a declining ARPU as potential risks to the company's valuation.