SpaceX Drops on Nasdaq Debut Despite Bullish Ratings
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- SpaceX began trading on the Nasdaq, prompting Wall Street to unleash a flood of bullish analyst ratings, with Bloomberg reporting targets implying as much as 47% upside
- Despite the bullish ratings surge, SpaceX stock dropped in early trading, a disconnect the Yahoo Finance headline flagged as 'despite flood of bullish Wall Street ratings'
Why it matters: SpaceX's Nasdaq listing gave public investors their first real-time look at valuing the company, and the split between bullish 47%-upside analyst targets and a falling share price shows the market is actively repricing what was once a private-market estimate.
