Disruptive companies can make for profitable investments, and two of the most popular stocks in this category are Space Exploration Technologies (NASDAQ: SPCX) and Oklo (NYSE: OKLO). SpaceX is a disruptor in three areas: space launches, satellite internet, and AI. Oklo designs fast-fission power plants that can use nuclear waste as fuel.
Each of these stocks is volatile, but if you're looking for upside, the math is clear on which is the better choice. This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » SpaceX released its first earnings report (for Q2 2026) as a public company on Aug. 4, and the numbers were a mixed bag. On the positive side, revenue increased 92% year over year to $7.8 billion.
Over half of that comes from its connectivity segment, driven by Starlink internet service. Starlink also had 12 million subscribers at the end of the quarter, compared to six million a year prior. The space company reported a net loss of $541 million for the quarter, down from $1 billion in Q2 2025.
However, capex continues to grow, reaching $18.4 billion, while free cash flow (FCF) remains deep in the red. Over the first half of 2026, SpaceX had roughly negative $25 billion in FCF. With $100 billion in cash and cash equivalents, SpaceX effectively has about two years of runway.
The issue with SpaceX stock, especially in terms of its upside, is the valuation. It's already one of the world's largest companies, with a market cap of $1.76 trillion, and it trades at about 72 times sales (as of Aug. 11). SpaceX projects its total addressable market at $28.5 trillion, but that estimate should be taken with a grain of salt, as it relies on massive enterprise and consumer AI expansion.
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