SpaceX stock closed below its initial public offering price on July 8 following a post-debut pullback. Analysts are currently weighing the company’s rocket launch and satellite internet strengths against significant capital expenditures and development risks.
A company prospectus reveals a major artificial intelligence contract with Anthropic. Anthropic will pay SpaceX $1.25 billion monthly through 2029 for access to compute capacity.
SpaceX utilizes a vertically integrated model to launch its own satellites and materials for its connectivity and AI businesses. This strategy aims to streamline operations and reduce costs. Despite the recent stock dip, investor interest remains driven by these growth sectors and the leadership of Elon Musk.