SpaceX: Volatility Is Here, But Hold On For The Long Haul

Summary SpaceX is reaffirmed as a buy, with recent volatility presenting attractive entry points for long-term investors. Q2 revenue surged 92% y/y to $7.81 billion, far surpassing expectations and driven primarily by the Starlink connectivity segment. Starlink posted 66% y/y revenue growth and achieved its best quarter for net-new subscriber additions, highlighting accelerating traction. I see the real upside in SpaceX’s expanding AI infrastructure business, which is gaining momentum and underpins my bullish thesis. Sven Piper/iStock Editorial via Getty Images As a general rule, I try not to be an early buyer of IPOs. It's common market knowledge that the vast majority of IPOs sink in the 1-2 year timeframe after their launches, before actual financial This article was written by Gary Alexander 34.45K Followers Follow With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood. Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPCX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.