But the company's share price has had a bumpy ride this summer, and analysts say it could get worse. More than $1 trillion has been erased from the company's market capitalization since the stock hit its mid-June peak. On Tuesday, SpaceX's shares leapt more than 9% ahead of the earnings, but promptly gave much of it back in after-hours trading following the report. The initial rise in SpaceX's stock price was buoyed, he believes, by retail investors who support Musk's vision and were excited to buy a piece of the company. That could be a challenge, though, given that SpaceX's AI efforts are "basically eating up" any profits that its satellite communications arm Starlink is creating, she said.