![\"SpaceX](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/06\/7bdfb7bb50f8cf6428cbe69ed595e3f3.png\")
Image source: The Motley Fool. SpaceX isn’t just about space <\/p>\n
The stock was priced at a level that the current underlying business couldn’t justify. But that’s not what investors were considering. As with Elon Musk’s Tesla, investors are betting on the future of the business. That’s made SpaceX a momentum stock in its first week of trading.<\/p>\n
Like Tesla, SpaceX has a mature underlying business. In fact, it has several. It dominates the market for commercial space launches, accounting for 80% of U.S. launches last year, according to recent research from The Motley Fool<\/a>. But the Starlink satellite internet service and xAI artificial intelligence segments are where the real profit outlook lies. SpaceX already made a $60 billion acquisition of Cursor to grow xAI and boost its push into AI coding.<\/p>\n The potential market for both Starlink and xAI has investors ignoring valuation fundamentals. That doesn’t mean the stock is going to crash, though. For a long time, Tesla stock has traded on the future potential of robotics, autonomous vehicles, and energy storage rather than on its existing electric vehicles (EVs). But its shares have also been very volatile along the way.<\/p>\n The likely outcome for SpaceX stock <\/p>\n That seems to be the playbook investors are seeing for SpaceX stock, too. Momentum traders may want to buy in now, even after its sharp early rise. But long-term investors can look to Tesla for an investing plan.<\/p>\n The EV maker’s early momentum brought the stock to over $400 per share in late 2021 and early 2022. Yet it dropped below $120 a year later, and investors had plenty of opportunities to own it with a basis below $150 per share, even after missing the early momentum surge.<\/p>\n It’s likely SpaceX stock will go through the same volatile cycle, giving investors a chance to buy it<\/a> after the early hype subsides. That’s because the payoff from its businesses is still years away. Elon Musk recently said he believes SpaceX can generate $1 trillion in revenue by 2030. In a social media post, he added, “And I \u200bwould be surprised if revenue \u200bis not greater than [$1 trillion] in 2031.”<\/p>\n But the valuation is already approaching $3 trillion, and there will be a lot of buying and selling of SpaceX stock between now and then. Long-term investors should be patient, and while it may not break below its IPO price, jumping in as momentum takes it higher probably isn’t a good idea, either.<\/p>\n Should you buy stock in Space Exploration Technologies right now? <\/p>\n Before you buy stock in\u00a0Space Exploration Technologies, consider this:<\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Space Exploration Technologies\u00a0wasn\u2019t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years.<\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $424,531!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you\u2019d have $1,273,016!*<\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by 4x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul.<\/p>\n See the 10 stocks \u00bb<\/a><\/p>\n *Stock Advisor returns as of June 17, 2026. <\/p>\n Howard Smith<\/a> has positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy<\/a>.<\/p>\n