SpaceX Stock Nears $135 IPO Price on Sell-Off
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- SpaceX stock dropped for a second consecutive day, nearing its $135 IPO price, sparking concern among investors about a potential psychological and valuation threshold being breached
- SpaceX shares have fallen sharply from their June 16 peak, closing below $150 earlier in July despite strong analyst sentiment and recent Nasdaq-100 inclusion
- AST SpaceMobile and Rocket Lab also declined, with AST SpaceMobile falling 5% and Rocket Lab shedding 4%, indicating a broader pullback in space-sector equities
- Ten major banks maintain unanimous 'buy' ratings on SpaceX, underscoring a disconnect between analyst confidence and current investor behavior
Why it matters: SpaceX is now testing a key psychological support at $135, its IPO price, after a 25% drop from its June peak. Despite unanimous bank 'buy' ratings and index inclusion, active investors are driving price discovery downward, signaling a shift from momentum to valuation sensitivity in a high-profile private market favorite.
