SpaceX shares face $570 million retail outflow as AI deals bolster $100 billion revenue goal

  • SpaceX retail traders sold approximately $570 million of shares over three weeks.
  • SpaceX’s new AI contract will generate $1.11 billion monthly beginning in December.
  • Nasdaq-100 funds may purchase approximately $15.5 billion in SpaceX shares September 21.

SpaceX shares have drawn approximately $570 million in retail outflows over three weeks, including nearly $250 million in the latest week, even as the stock remains about 15% above its $135 IPO price. The selling followed an initial post-IPO surge and appears consistent with profit-taking, while cumulative retail investment remains approximately $3.4 billion. CFO Bret Johnsen reaffirmed SpaceX’s goal of reaching $100 billion in annualized revenue, supported by a new undisclosed-customer AI computing contract worth $1.11 billion per month from December. Second-quarter revenue rose 92% year over year to $7.8 billion, including $2.6 billion from AI operations and $4.3 billion from connectivity, while SpaceX also recorded a $541 million quarterly loss. A Nasdaq-100 weighting adjustment scheduled for September 21 is projected to prompt approximately $15.5 billion in passive purchases. Analysts have a Moderate Buy consensus and an average $219 price target, while shares traded at $153.37 early Friday, down 0.8%.

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