$1,000 invested in SpaceX stock 2 months ago is now worth

An investor who put money into SpaceX (NASDAQ: SPCX ) stock two months ago would now be sitting on a loss, as shares have retreated from their September valuation. By press time on November 1, SpaceX stock was trading at $134, down 5.13% from $142 two months earlier. As a result, a $1,000 investment would now be worth approximately $948.73, representing a paper loss of $51.27. Why SpaceX investors are cautious Notably, SpaceX investors remain concerned about the company’s substantial AI spending and customer concentration. In this vein, AI company Anthropic accounted for approximately 34.5% of third-quarter revenue through a computing agreement worth up to $120.5 billion through 2029. SpaceX has also guided for fourth-quarter capital expenditure of $35 billion to $40 billion.

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