SPCX

SPCX remains in a confirmed Stage 4 decline within its longer-term uptrend, exhibiting lower highs and lower lows beneath down-sloping EMAs, with recent rallies rejected at the 9/21 EMA zone. The medium-term bias is bearish, reinforced by the active Support Failure pattern signaling continued distribution, and short-term conditions favor selling into strength around the declining EMAs.

• ↑Starlink drove $11.4B revenue and $4.4B operating income in 2025, underpinning strong cash flow potential.
• ↑Adjusted Starlink EBITDA reached $7.2B in 2025, highlighting expanding margins in satellite internet service.
• ↓Profitability remains weak, struggles converting Starlink revenues into sustainable net profits.