SpaceX (SPCX) Lands Reflection AI Deal While KeyBanc Flags Starship Risks

Ghazal Ahmed

Wed, June 24, 2026 astatine 8:46 AM CDT 2 min read

SpaceX (NASDAQ:SPCX) is 1 of the 15 AI Stocks Analysts Are Watching: Microsoft, Nvidia, and More.

On June 22, KeyBanc initiated the banal arsenic Sector Weight; noting that it is reasonably valued and that it doesn't spot a wide crushed to bargain oregon merchantability the banal astatine existent levels.

SPCX possesses important disruptive maturation avenues, though we judge this is reflected successful existent valuation and risk/reward appears balanced, successful our view.

While SpaceX has immense plans done its Starlink and Starship rocket, the steadfast is not yet enthusiastic astir them. It noted however Starship, the elephantine reusable rocket, is yet to mature and has suffered setbacks, pushing backmost timelines respective years.

While we judge Starship volition yet execute success, we instrumentality a blimpish attack connected its improvement timeline. Risk/reward appears balanced until we execute greater visibility connected Starship's progress.

A much contiguous concern, the steadfast noted, is however the structured lockup docket volition gradually merchandise further shares into the marketplace implicit time. This volition summation the fig of shares disposable for trading, but besides pb to "near-term liquidity uncertainty."

In abstracted news, Reuters reported however AI startup Reflection AI has signed a woody with SpaceX that volition assistance the startup ​access to further computing capableness astatine the company's Colossus 2 information center. This determination makes Reflection AI the latest extracurricular institution to unafraid AI computing capableness astatine SpaceX's Colossus infrastructure.

Space Exploration Technologies Corp. chiefly provides satellite-based broadband services. However, its businesses besides span rocket motorboat services, outer net and connectivity, artificial quality (AI), and unreality computing.

While we admit the imaginable of SPCX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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