SpaceX's Pullback From $225 Sets Up a Classic Buy the Dip Case for Long-Term Investors

SpaceX, which completed the world's largest IPO raising $85 billion at a $1 trillion valuation, has pulled back from its $225 peak to trade around $145. The company operates three interconnected high-growth businesses: space launches, Starlink satellite connectivity (which grew 65% to $4B in revenue), and AI infrastructure. While the stock's decline reflects investor concerns about significant capital expenditures ($15B in AI capex) and unproven technologies, the pullback presents a potential buying opportunity for aggressive long-term investors.