Why Bloom Energy Stock Dropped Today

Can Bloom keep growing if data centers no longer need its fuel cells?SpaceX is planning to IPO, and this could be bad news for Bloom Energy (BE 11.50%) stock. Shares of the fuel cell stock, which also produces hydrogen for use as fuel cell-fuel, sank 8.5% through 1:25 p.m. ET Friday. They may have even farther to fall if this news pans out. Image source: Bloom Energy. SpaceX's AI ambitions Why is that? The answer goes straight to the heart of what made Bloom stock boom this year: Artificial intelligence data centers, and their insatiable appetite for electricity. Earlier this week, Ars Technica confirmed rumors that SpaceX plans to IPO its stock in 2026, in a deal that could value the rocket stock at $1.5 trillion. The report echoed earlier stories from Bloomberg and The Wall Street Journal, and Ars added some new facts to the story: Elon Musk intends to use money from a SpaceX IPO "to develop a modified version of the Starlink satellite to serve as a foundation for building data centers in space." Ultimately, SpaceX aims to deploy 100 terawatts-worth of AI data centers in orbit.Advertisement ExpandNYSE: BEBloom EnergyToday's Change(-11.50%) $-12.53Current Price$96.46Key Data PointsMarket Cap$26BDay's Range$94.26 - $107.0852wk Range$15.15 - $147.86Volume684KAvg Vol15MGross Margin33.24% Is Bloom Energy stock a sell? Why is this bad news for Bloom? Precisely because of where Musk wants to put his data centers: in space, where it is cold, where solar power is abundant, and where no one will need Bloom's fuel cells to cool and power the data centers. When you consider that the primary reason Bloom stock soared this year is because investors see its fuel cells as a solution to powering data centers on Earth, the prospect of putting data centers in space undermines the investment thesis supporting Bloom Energy stock. Add wider worries that the whole artificial intelligence stock bubble is about to burst, and the bloom may be off the rose for Bloom Energy stock.About the AuthorRich Smith is a contributing Motley Fool defense and stock market analyst covering publicly traded and emerging companies in defense, space, aerospace, and other sectors. Prior to The Motley Fool, Rich practiced international corporate law for Clifford Chance in Russia, and for the Russian-Ukrainian Legal Group in Moscow, Kyiv, and Washington, D.C. He holds a bachelor’s degree in international relations from the College of William & Mary, a law degree from the University of Baltimore, and a language certification from the International Institute of Russian Language & Culture in Tver, Russian Federation. The Globe and Mail once featured him as “one of the best stock pickers since 2009.”TMFDittyX@RichSmithFoolRead NextDec 12, 2025 •By Neha ChamariaWhy Is Bloom Energy Stock Crashing This Week?Dec 6, 2025 •By Brett SchaferWhy Bloom Energy Stock Sank 17.3% In NovemberDec 2, 2025 •By Howard SmithWhy Did Bloom Energy Stock Pop Today?Nov 25, 2025 •By Rich SmithWhy Bloom Energy Stock Sank TodayNov 21, 2025 •By Howard SmithWhy Did Bloom Energy Stock Crash Today?Nov 17, 2025 •By Steven PorrelloThis High-Growth Energy Stock Is Up 400% in 2025. Here's 1 Key Reason Why Its Power Solution Is Winning.