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SpaceX Shares Fall 28%; Starlink Profits Amid AI Losses

7/27/2026

Summary

Story summary

SpaceX's shares closed at $115.07 on July 24, 2026, a 28.5% drop from the IPO price, prompting Adam Jonas to warn investors may value the AI division at zero if price hits $100.
The AI division earned $3.20 billion in revenue last year but recorded a $2.47 billion quarterly loss.
Starlink serves 10.3 million customers in 164 countries, remains the only profitable segment, and accounts for SpaceX's claim of about 80% of global mass-to-orbit transit.

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Story summary

SpaceX's shares closed at $115.07 on July 24, 2026, a 28.5% drop from the IPO price, prompting Adam Jonas to warn investors may value the AI division at zero if price hits $100.
The AI division earned $3.20 billion in revenue last year but recorded a $2.47 billion quarterly loss.
Starlink serves 10.3 million customers in 164 countries, remains the only profitable segment, and accounts for SpaceX's claim of about 80% of global mass-to-orbit transit.