SpaceX shares are up 11% over the past month as investors weigh record-breaking revenue growth against heavy AI-related capital spending and the long-term potential of the Starship program.
SpaceX beat Q2 estimates and Cathie Wood calls it a deep-value buy despite capex concerns.
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SPCX outperformed the S&P 500 over the past month, with the index gaining 1%.
SpaceX (SPCX) continues to command investor attention following a strong Q2 earnings beat, with revenue surging 92% year-over-year to $7.81 billion. Despite a 14% post-earnings selloff driven by massive capital expenditures in AI, Cathie Wood maintains a bullish outlook, labeling the stock a deep-value opportunity based on the long-term revenue potential of the Starship program.
Despite beating revenue and earnings estimates, investors reacted negatively to the company's massive $18.37 billion capital expenditure, primarily driven by aggressive AI infrastructure investments.
Starlink connectivity remains the company's most profitable segment, contributing between 50% and 80% of total revenue and generating $1.66 billion in operating income during Q2.