Make better investment decisions with Simply Wall St’s easy, visual tools that give you a competitive edge.
Space Exploration Technologies (NasdaqGS:SPCX) has secured AI infrastructure agreements with Google totaling US$920 million per month.
Anthropic has entered a separate AI infrastructure contract with SpaceX valued at US$1.25b per month.
Taken together, these multi billion dollar deals position SpaceX as a major hyperscale AI data center provider alongside its existing space and satellite operations.
For you as an investor, these contracts point to a broader role for NasdaqGS:SPCX beyond launch services and satellite broadband. The company is now supplying core infrastructure to large AI players. This is a part of the tech stack that sits closer to data centers and cloud platforms than to traditional aerospace activity.
Looking ahead, the size and recurring nature of the Google and Anthropic agreements give NasdaqGS:SPCX a clearer presence in the global AI infrastructure economy. The deals also place the company in more direct competition with established cloud providers, which may influence how you think about its peers, risk profile, and long term business mix.
Wall Street’s queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab’s valuation page.
NasdaqGS:SPCX Earnings & Revenue Growth as at Jun 2026
3 things going right for Space Exploration Technologies that this headline doesn’t cover.
Quick Assessment
⚖️ Price vs Analyst Target: At US$160.95, SPCX trades about 2% below the US$164 analyst target, so pricing is close to consensus.
✅ Simply Wall St Valuation: Simply Wall St flags SPCX as trading about 45% below its estimated fair value, which is a wide discount.
⚖️ Recent Momentum: 30 day return is not available, so there is no short term price signal to lean on.
There’s only one way to know the right time to buy, sell or hold Space Exploration Technologies. Head to Simply Wall St’s company report for the latest analysis of Space Exploration Technologies’s Fair Value.
Key Considerations
📊 The large AI infrastructure contracts with Google and Anthropic broaden SPCX from telecom and satellite broadband into hyperscale data center services for AI clients.
📊 Watch how these deals show up in future revenue, margins and capital expenditure, as well as any guidance on contract duration and capacity build out.
⚠️ Simply Wall St flags a major risk around share price stability and liquidity, which may matter more as expectations around these AI contracts shift.
Dig Deeper
For the full picture including more risks and rewards, check out the complete Space Exploration Technologies analysis. Alternatively, you can check out the community page for Space Exploration Technologies to see how other investors believe this latest news will impact the company’s narrative.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SPCX.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com