SPCX

SPCX remains in a confirmed Stage 4 decline within a longer-term uptrend, with persistent lower highs and lower lows, declining EMAs acting as resistance, and rallies consistently rejected into the 9/21 EMA zone. The medium-term bias is bearish, and execution calls for selling into strength around the falling EMA area. Short-term timing is favorable for bearish engagement on rallies.

• ↑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.