SpaceX has shed roughly $1.4 trillion in market value, and the latest trading session added to the pressure. The stock extended its recent decline on Monday, finishing at a new closing low and signaling that investors remain skeptical about a near-term rebound.
One possible source of support emerged from a reported government opportunity. According to The Wall Street Journal, SpaceX is in discussions to provide AI computing capacity to the U.S. Defense Department, a potential deal that could strengthen confidence in the company’s business beyond its core operations.
The report matters because investors had been looking for the company’s non-core, ground-based assets to help offset the stock’s steep downturn. Monday’s move suggested those expectations have not yet been enough to stop the slide, even with speculation around a defense-related agreement.
For now, the focus is split between the company’s weakening market performance and whether a Pentagon-linked AI computing arrangement can offer meaningful financial and strategic support. Until there is more clarity, the reported talks appear to be more of a possible stabilizer than a confirmed turning point.
