SpaceX Stock Could Fall Below Its IPO Price

SpaceX (NASDAQ: SPCX) has been one of the most volatile stories on Wall Street since its record-breaking IPO on June 12, 2026. Shares debuted at $135, opened at $150, and surged to an all-time high of $225.64 on June 16 before pulling back sharply. By June 22, the stock had closed at $154.60, erasing roughly $600 billion in market cap in just three trading days. As of June 23, SPCX closed at $156.11. The IPO created an estimated 4,000 new millionaires across SpaceX's workforce, from engineers and senior staff to welders, tube benders, and cleanroom technicians who built up equity over years. But sentiment is now sharply divided on where the stock goes from here. LossDog CEO Tom Sosnoff publicly stated he "firmly believes the stock will trade under $135," forecasting an aggressive move of roughly $75 over the next two months though he stopped short of calling for a drop below $100. CFRA's Keith Snyder has the lowest major Wall Street price target at $115 with a Sell rating, while Morningstar's fair value estimate is just $63 per share. On the bullish side, Oppenheimer's Timothy Horan raised his target to $250 with an Outperform rating. Analyst price targets currently range from $22 to $250 one of the widest spreads in modern equity research. Investors are weighing the company's monopoly position in space launches and Starlink's growth against a price-to-sales multiple above 100x and ongoing GAAP losses. #SpaceX #SPCX #stocks 🖥️ Try Benzinga Pro FREE with a 14 day trial: https://www.benzinga.com/pro/register 📈 Take your trading to the next level with our suite of premium research services and tools: https://www.benzinga.com/services 🌐 Find more market-moving insights at https://www.benzinga.com — your one-stop destination for the latest financial news, data, and expert analysis to stay ahead of the markets. 📲 Follow us on socials @benzinga ------------------------------------------------------------------------------------ 🔹Free Benzinga Webinars: https://www.youtube.com/watch?v=LQ2jOJNkDfI&list=PL4k0fH8EgI3YTdqniRmxrvz97w3IQ61rD 🔹Benzinga Pro Tutorials: https://www.youtube.com/watch?v=a2FaHhLIrks&list=PL4k0fH8EgI3YMwoBMFXGvVMkgixFymmei&pp=gAQB 🔹Earnings Calls: https://www.youtube.com/watch?v=C2-AoCw64Ok&list=PL4k0fH8EgI3buZI5529R53wJUNd9NS4_s 🔹Premarket Playbook: https://www.youtube.com/playlist?list=PL4k0fH8EgI3ZVRPM7INpG--GvohnBVTnT 🔹Benzinga's All Access: https://www.youtube.com/playlist?list=PL4k0fH8EgI3bQSn91atO-3lPT4V6Nwsmh 🔹Subscribe To The Channel: https://www.youtube.com/@Benzinga ------------------------------------------------------------------------------------ ⚠️ Disclaimer: Investing in financial markets carries risk, and there are no guaranteed returns. All information is for educational purposes only and should not be taken as financial advice. Always do your own research and speak with a qualified financial advisor before making investment decisions. Only invest what you can afford to lose. Past performance does not guarantee future outcomes. #StockMarket #StockMarketNews #Trading #StockMarketLive #Stocks #stocktrading #learntotrade #DayTrading #StockMarketToday