Fast Money Blog- 6/19/26

During this shortened week on Wall Street, Space Exploration Technologies Corp. (SPCX) continued to capture Wall Street's attention.

Since the shares became available to the public last Friday, it’s been a SpaceX frenzy. Within the first two days of trading, SPCX shares rose almost 50% before cooling down yesterday to end the week up 23%. 


WHAT EXACTLY IS SPACEX?

SpaceX is an American aerospace, telecommunications, and artificial intelligence company founded by Elon Musk. The company is divided into 3 divisions:

• The Space Division is their core aerospace engineering and launch division, making SpaceX the first private company to send astronauts to orbit. It's important to note that SpaceX acts as a primary commercial partner and transportation provider for NASA.

• The Connectivity Division (Starlink) deploys thousands of low-Earth orbit satellites. Starlink provides high-speed broadband internet to consumers, businesses, and remote locations across the globe.

• The Artificial Intelligence and Tech Division includes integrating advanced AI technologies (such as Grok) and building orbital data centers.

STAY OUT OF SPACE

Presently I can not recommend investing in SPCX. The hype surrounding the company and its stock isn't based on fundamentals. Despite its strong recent growth, the company is unprofitable and has recorded recent net losses. Because of this, SPCX does not fit the criteria of a Wealthy Investor stock pick. 

Remember, just because a stock is well-known does not mean it’s a good investment!

Stick with the Wealthy Investor Program and watch your portfolio grow.

Stay disciplined! Stay focused!

Tyrone Jackson

The Wealthy Investor