SpaceX Crashes to Record Low of $115: Stock Has Performed Worse Than 90% of Billion-Dollar IPOs Since 2009
Analysts tracked by CNN keep a $225 median price target as investors weigh delayed launches, rising spending and a staggered lockup schedule.
- SpaceX shares have fallen to a record low of about $115, marking a 25.5% decline since the company's June 12 public debut.
- A Starship rocket launch delay on July 16 and looming share lockup expiration in August have compounded pressure on SpaceX, which reported losses of nearly $5B over the past year.
- Of 31 analysts covering the stock, 27 recommend buying SpaceX at an average price target of $242, while Cathie Wood's firm ARK Invest has been buying steadily, acquiring more than 620,000 shares in July alone.
- Short sellers have piled in as the stock lost more than $1 trillion in market value in barely six weeks, with investors now focused on SpaceX's first public earnings results due August 4.
- ARK Invest models a potential $3.1 trillion valuation for SpaceX by 2030, contingent on the company building out AI infrastructure in space over the next 12 months.
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Investor Says His SpaceX Bet Has Cost him $200K So Far. 'We'll Learn How to Trade This Stock Eventually'
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op-online.deSpaceX launches the largest IPO in history. Investors can already subscribe to shares at Trade Republic. Is the valuation justified?
From 225 to 115 dollars in a few weeks: SpaceX delivers one of the most catastrophic stock market debuts since 2009. While short sellers cheer, private investors are facing the rubble of Mars' vision.
The space company SpaceX's share has developed worse than other large IPOs in recent years. This also calls for short sellers to the plan.
Banks that led entry into the stock exchange recommend shares of Musk's company
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