SpaceX Falls Back to $135 IPO Price But Raymond James Thinks The Stock Is Going To The Moon

SpaceX (NASDAQ:SPCX) trades astatine $135.27, sitting close connected its $135 IPO terms from June. The mean Wall Street terms people sits astatine $242.22, implying 79.06% upside from existent levels.

That spread widens erstwhile you announcement the outlier. Raymond James expert Brian Gesuale carries an $800 terms target, implying astir 491% upside from existent levels. His thesis reframes SpaceX from a rocket institution into a generational concern platform, with a $10.5 trillion implied valuation tied to Starship economics and decentralized AI compute sold from orbit.

SpaceX went nationalist connected NASDAQ connected June 12, 2026 successful the largest superior rise successful history, raising $75 cardinal astatine a $1.75 trillion valuation. The banal opened astatine $150, ripped past $225, and has since fixed each of it back.

A Round Trip Back to the IPO Price successful Five Weeks

SPCX has fallen 29.73% implicit the past month, wiping retired each dollar of post-IPO gains and sending the recently minted mega headdress backmost to its offering price. That qualifies arsenic a convulsive unwind for a institution that concisely carried a $2 trillion-plus valuation.

The selloff stemmed from profit-taking aft retail piled successful (over $70 cardinal successful request chased a constricted float), broader tech-sector weakness, and increasing valuation skepticism arsenic the marketplace chewed done what The Atlantic called a institution "untethered from accepted firm concern metrics." A muted absorption to NASDAQ-100 inclusion confirmed the temper had shifted.

The carnivore lawsuit has existent substance. CFRA opened sum astatine $115, sitting beneath wherever the banal trades today. Reddit's biggest caller SPCX station is titled "The mathematics isn't mathing connected the SpaceX IPO."

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