SpaceX Stock Hits New Post-IPO Low at $139.14, Despite Five Analyst Buy Ratings

According to Barron's, SpaceX stock fell to $139.14 on Monday, marking its lowest closing price since the June IPO, just above the $135 issuance price. The decline contrasts sharply with Wall Street sentiment: five major analysts including RBC, Deutsche Bank, Wells Fargo, Oppenheimer, and Morgan Stanley maintain buy ratings, with an average price target of $250, valuing the company at roughly $3.3 trillion.

Several factors are pressuring the stock. SpaceX currently trades at an estimated $1.8 trillion valuation while expected to remain unprofitable through 2026. Additionally, approximately 20% of shares face lockup expiration in mid-August, potentially flooding the market with new supply. The competitive landscape has also shifted, as China successfully recovered a reusable rocket booster last week.