Forget the SpaceX IPO: 3 Rock-Solid Dividend Stocks to Build Your Portfolio Around

Published June 15, 2026 · Category: Finance

Overview

SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, went public at $135 per share on June 12. It opened at $150 and now trades at $180, giving it a market cap of $2.1 trillion and making it the world's sixth-most-valuable company.

But at that valuation, SpaceX trades at 113 times its 2025 revenue of $18.7 billion. It's also unprofitable, since the losses at its space division and newly integrated AI division (which includes xAI and X) are completely erasing Starlink's profits. Therefore, I wouldn't touch SpaceX's stock until the hype dies down and it cools to more reasonable valuations.

Image source: Getty Images.

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Originally published at www.fool.com.

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