Analysis indicates that SpaceX's stock price has fallen over 38% from its post-IPO peak. Although the company saw a 32% increase in its connectivity business (Starlink), a 350% surge in AI business revenue, and a 29% growth in its space business during the second quarter, and invested $15.8 billion in AI computing infrastructure, its current valuation remains high at 41 times sales (based on projected 2026 revenue of $44.6 billion and a $1.8 trillion market capitalization). Consequently, analysts anticipate that SpaceX's stock price may remain at its current level until 2028 to digest its high valuation.