Business Buzz: What Happened to SpaceX? Q2 Revenue Grows 92%, Yet Stock Price Plunges—Halved in Just Over a Month!

SpaceX's stock price has fallen from its all-time high of $225.64, recorded shortly after its June 2026 listing, to a recent closing price of $108.27. By August 6, just before the expiration of the first major stock lock-up period, the share price had already plummeted $117.37, representing a steep 52% decline and erasing more than $225 billion in market capitalization.

In reality, SpaceX's first post-listing financial report, released last week, was far from disappointing. Second-quarter revenue reached $7.8 billion, a staggering 92% increase compared to the same period last year.

Elon Musk told investors he plans to expand SpaceX's data center capacity from 2GW to as high as 10GW. If realized, this massive initiative would position SpaceX among the operators of the world's largest data center infrastructures—in orbit. He also indicated that the first orbital data centers could launch as early as 2027.

With solid financials and an astonishing expansion plan, why aren't investors buying in?

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