Starlink is a huge success, but AI suffered a $6.4 billion loss...SpaceX (SPCX), should I buy it now?

▲ SpaceX (SPCX)/AI Generated Image

While SpaceX (SPCX) has entered the public market, lowering the entry barrier for individual investors, a more significant variable than the 6 shares one can buy for $1,000 is Starlink's profit and the AI division's $6.4 billion loss.

According to a Motley Fool article published on Nasdaq on July 3 (local time), SpaceX has been trading for over two weeks since its IPO and stock market debut. The article pointed out that at a time when the listing frenzy has somewhat subsided, it is necessary to consider whether the stock is suitable for an average investor's portfolio. While SpaceX shares offer a stake in a unique and high-profile company, this fact alone does not necessarily mean it's a wise investment decision.

According to the article, investing $1,000 would buy 6 shares of SpaceX stock at the closing price earlier this week, with some cash left over. However, those 6 shares represent an extremely small stake in a giant company. SpaceX was described as a company that, in addition to space exploration, builds data centers, operates satellite broadband networks, manages social media X (formerly Twitter), and develops artificial intelligence models.

Profitability varied significantly by business segment. The connectivity segment, including Starlink, had nearly $11.4 billion in revenue and $4.4 billion in operating profit in 2025. In contrast, the space segment had nearly $4.1 billion in revenue but recorded an operating loss of $657 million due to heavy investment burdens. The AI segment generated $3.2 billion in revenue but poured funds into building next-generation data centers, resulting in an operating loss of nearly $6.4 billion.

SpaceX's total revenue in 2025 was just under $18.7 billion, and its annual net loss exceeded $4.9 billion. The article explained that it is common for early-stage growth companies to incur large operating or net losses as they expand their presence and scale. However, it assessed that despite Starlink's success and large contracts in the AI sector, the burden of capital expenditure is likely to continue for a considerable period.

The AI division signed a $1.25 billion per month contract to supply processing power from two data centers to developer Anthropic. The article suggested that if the massive investment burden continues, impatient investors might withdraw in the coming years. While SpaceX's listing has opened new options for individual investors, the current key decision criterion is not the listing's popularity but the gap between the connectivity segment's $4.4 billion operating profit and the AI segment's $6.4 billion operating loss.

[Article Key Summary]

-SpaceX shares are at a level where $1,000 can buy 6 shares, but this stake represents only a tiny fraction of the giant company.

-In 2025, the connectivity segment generated $4.4 billion in operating profit, while the AI segment recorded an operating loss of nearly $6.4 billion.

-The article suggests observing for a while, stating that despite Starlink's success, the capital expenditure burden is significant.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*