SpaceX (NASDAQ: SPCX) now builds and launches rockets, provides satellite connectivity, offers launch services, has a national security business, and is rapidly growing its AI business. Investors can now access all these businesses through a single publicly traded company for the first time. As of the close on 10/2/26, SPCX was valued at $158.96 a share, approximately 18% above its June IPO price of $135 and roughly 7.35% higher than its close on 10/1/26, but far below its post-IPO 52-week high of $225.64.

I find it interesting that SpaceX has strong operating momentum while extremely heavy capital requirements. Starlink’s Connectivity segment is producing operating income, while SpaceX’s AI segment generated positive adjusted EBITDA…