SpaceX’s (NASDAQ: SPCX)  recovery from its post-IPO slump has paid off for investors who bought near the stock’s summer lows.

For instance, an investor who put $1,000 into SPCX stock on July 27, when shares traded at about $113, would now hold a position worth approximately $1,310 based on the latest closing price of $148.68, representing a gain of roughly 31%.

The rally marks a significant turnaround for the stock after a turbulent few months following SpaceX’s historic Nasdaq debut in June.

Although shares remain below their post-IPO high of $225.64, they have recovered significantly from their summer selloff lows.

SpaceX raised about $75 billion in its IPO, with total proceeds ultimately reaching $85.7 billion after underwriters exercised their overallotment option, valuing the company at roughly $1.77 trillion.

However, the rally quickly faded as investors weighed the company’s heavy capital spending plans, ambitious artificial intelligence investments, and a series of lockup expirations that added selling pressure.

SpaceX key fundamentals

One of SpaceX’s biggest developments in 2026 has been its expansion into artificial intelligence. Earlier this year, the company absorbed Elon Musk’s xAI, bringing Grok, X, and the Colossus computing infrastructure under its umbrella. 

It expanded further in August with the acquisition of Anysphere, the developer behind the AI coding assistant Cursor.

The deals have created a fast-growing AI business alongside SpaceX’s traditional operations, supported by long-term computing agreements expected to generate billions of dollars in recurring revenue.

While AI has attracted significant investor attention, Starlink remains the company’s core commercial business, continuing to add customers across consumer, enterprise, aviation, maritime, and government markets.

SpaceX has also strengthened its position as a major government contractor. In July, the U.S. Space Force awarded the company a $1.6 billion contract for 18 Falcon 9 launches through 2027, while Pentagon awards secured this year have exceeded $7 billion. NASA also expanded its Commercial Crew contract by nearly $950 million in September to fund three additional Dragon missions to the International Space Station.

Meanwhile, Falcon 9 continues to dominate commercial launch services as Starship advances toward more ambitious orbital missions.

Going forward, SpaceX’s performance will likely depend on continued Starlink growth, execution of its AI expansion strategy, demand for computing infrastructure, and progress on the Starship program. 

Featured image via Shutterstock

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