SpaceX (NASDAQ: SPCX) stock price is up by 18% since July 23, with the gains coming after the space company released its Q2 2026 results that revealed that its revenue increased by 92% to $7.8 billion. Most of these revenues came from Starlink, which reported $4.3 billion in revenue during the quarter. Despite this growth, Bernstein states that SpaceX will face challenges in its attempt to launch a mobile service.

Bernstein Flags Telecom Risks For SpaceX

When releasing its Q2 2026 earnings results, SpaceX reiterated that it was working on having its mobile service business ready by the end of 2027. However, Bernstein analyst Douglas Harned notes that having this service ready might take more time than the company anticipates.

The main…