After a ton of hype and anticipation, **** e Exploration Technologies (NASDAQ: SPCX), aka **** eX, finally began trading on the public market in June. The stock quickly ran to $225 but has since cooled off and settled in the $150-to-$165 range. It's difficult to know what price the stock might hit by the end of 2026, but there are some potential clues.
It may seem difficult to fathom, but I predict **** eX could trade down near $100 by the end of 2026. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For starters, **** eX will likely report earnings for the second quarter sometime in August. It's the first earnings report since the IPO, a crucial moment as it's the first chance investors will have to get a fresh look at **** eX's ongoing business activities. CEO Elon Musk will have the opportunity to lay out updated guidance and expectations for the business over the coming quarters, and Musk seldom shies away from setting the bar high.
But Wall Street has already set high expectations for **** eX's stock. Based on the company's 2025 revenue of $18.6 billion, the stock's current market cap of roughly $2.07 trillion values **** eX at over 111 times sales. Investors will struggle to find an established company's stock that is anywhere near as expensive.
It may seem difficult to fathom, but I predict **** eX could trade down near $100 by the end of 2026. Here's why.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
For starters, **** eX will likely report earnings for the second quarter sometime in August. It's the first earnings report since the IPO, a crucial moment as it's the first chance investors will have to get a fresh look at **** eX's ongoing business activities. CEO Elon Musk will have the opportunity to lay out updated guidance and expectations for the business over the coming quarters, and Musk seldom shies away from setting the bar high.
But Wall Street has already set high expectations for **** eX's stock. Based on the company's 2025 revenue of $18.6 billion, the stock's current market cap of roughly $2.07 trillion values **** eX at over 111 times sales. Investors will struggle to find an established company's stock that is anywhere near as expensive.
27 days ago
