SpaceX (NASDAQ: SPCX) stock has gained nearly 22% over the past two months, rewarding investors who bought shares in August as the stock recovered from its post-IPO dip.
At press time, SpaceX was trading at $162.57, up from $133.29 on August 11. Therefore, an investor who put $1,000 into the stock at the earlier price would now hold approximately $1,220 worth of shares, representing a paper profit of about $220, or 21.97%, before fees and taxes.
The stock’s performance reflects investor interest in SpaceX’s expanding business beyond rocket launches, particularly Starlink’s satellite internet services and its plans to enter the conventional mobile telecommunications market.
However, the two-month gain does not guarantee further upside, as the stock remains exposed to market volatility, valuation concerns, and substantial investment requirements.
One of SpaceX’s latest developments is its planned expansion into mobile telecommunications.
In this line, on October 8, the company announced an agreement to acquire an $8 billion portfolio of low-band wireless spectrum licenses from Grain Management.
The transaction is intended to expand Starlink Mobile’s capabilities and strengthen SpaceX’s position in the wireless market, subject to regulatory approval.
The move could open up a broader market by combining satellite connectivity with mobile services. However, it also adds substantial costs and puts SpaceX in more direct competition with established wireless carriers.
SpaceX expansion
Starlink’s international expansion is another potential growth driver. On October 10, Reuters reported that Venezuela’s interim president, Delcy Rodríguez, had authorized Starlink to begin operating in the country under an agreement with the US company.
Further subscriber growth could strengthen SpaceX’s recurring revenue, although the financial contribution of new markets will depend on customer adoption, pricing and operating costs.
SpaceX is also investing heavily in AI infrastructure, adding another potential source of growth beyond rocket launches and satellite internet.
Reports on its second-quarter 2026 results indicated that the company generated $7.8 billion in revenue, up 92% year over year, while adjusted EBITDA reached $3.5 billion. However, SpaceX still recorded a net loss of $541 million.
The company has committed substantial capital to AI infrastructure, highlighting the scale of investment required to pursue its ambitions.
If SpaceX converts these investments into sustainable earnings, its valuation could receive further support.
However, if spending rises faster than revenue and cash flow, the stock could face renewed pressure.
Featured image via Shutterstock
