Does a Lower Stock Price and New Contracts Make SpaceX Stock a Buy?

SpaceX stock has fallen 23% from its peak and now trades near its IPO price. The company has secured three major AI infrastructure contracts worth $76.3 billion combined, which would boost 2026 revenue to $46.5 billion. However, at 44x forward sales, SpaceX remains expensive compared to peers like Palantir (36x sales). While the company has significant growth potential in a $28.5 trillion addressable market, investors should approach cautiously with small positions in a diversified portfolio.