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SpaceX Stock Is up 32% Since Aug. 1. Is it Too Late to Buy?
The Motley Fool·
SpaceX stock has surged 32% since August 1st, driven by strong Q2 earnings with 247% AI business growth and 92% total revenue increase. The company operates three dominant businesses: rocket launches, Starlink connectivity (12M subscribers), and AI services. While 75% of analysts rate it a buy with a median $217 price target, the stock remains expensive at 66x trailing sales. The author recommends waiting for a more attractive entry point.
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