SpaceX Stock: Should You Buy Before July 7 Deadline?

Space Exploration Technologies (NASDAQ:SPCX), the rocket and satellite company that has increasingly pitched itself as an artificial intelligence player too, is set to join the Nasdaq 100 after markets close on July 6. Shares trade at 162.0 dollars, up 2.83% on the day, giving the company a market cap of 2.13 trillion dollars.

2.13 Trillion Dollars and Counting Since a June IPO

SpaceX priced its June 12 initial public offering at 135 dollars a share and opened trading with an implied valuation near 1.77 trillion dollars. Less than a month later, the stock has pushed that figure up to 2.13 trillion dollars, putting it among the largest publicly traded companies anywhere. The current price of 162.0 dollars sits close to the 160.95 dollars the stock closed at on its first trading day, a level that has acted as something of a floor during the swings since the debut. It also puts shares roughly 17% above the original listing price, even after a 52 week range that has stretched from 21.62 dollars to 225.64 dollars, a spread that hints at how unsettled trading has been for a company still finding its footing as a public entity.

Valuation, Momentum and Yield Ahead of Nasdaq 100 Inclusion

An RSI reading of 69.54 puts SPCX just below the threshold many traders treat as overbought, a sign that buying pressure has been persistent, not fleeting. Part of that momentum traces to the coming index inclusion itself. Once SpaceX joins the Nasdaq 100, funds that track the index will need to buy shares to mirror its composition, a mechanical flow of demand that can lift a stock independent of its underlying business results. Investors looking for income will find little here: the dividend yield sits at just 0.3%, a token payout for a company still burning cash to fund its ambitions in rockets and AI infrastructure.

The earnings picture complicates any simple bullish read. SpaceX posted a net loss of about 4.9 billion dollars last year against sales near 18.7 billion dollars, a combination that leaves the company without a meaningful P/E multiple to lean on for support, and its EPS remains negative. Revenue grew 33% last year, and most signs point to another year of expansion. But heavier spending tied to the AI segment could push this year's loss well past last year's mark, meaning the stock's premium rests almost entirely on future growth rather than current profit.

What Index Inclusion Does and Does Not Solve

Passive fund buying tied to the Nasdaq 100 addition could add near term support for shares heading into July 6, and further inclusion in other major indexes down the line would likely bring similar effects. Yet that kind of technical demand does not change the math behind a company still deeply unprofitable and exposed to broader economic and geopolitical forces that shape investor appetite for high growth, high valuation names. The gap between SpaceX's current price and the kind of earnings that would justify a 2.13 trillion dollar valuation remains wide, and closing it will take years, not a single week of index driven buying.