SpaceX Faces Investor Skepticism Despite Wall Street Support

Jul 9, 2026

66 min

Jul 9, 2026 02:31

Wall Street still bets big on SpaceX, but IPO investors aren’t so sure anymore

## SpaceX's IPO Performance

SpaceX's stock has seen a significant decline after its record-setting initial public offering (IPO), raising questions about its valuation. Despite being added to the Nasdaq-100 index, which typically boosts stock prices, SpaceX shares have dropped over 6%, trading close to their debut price of $150. This decline is attributed to broader market pressures, including rising US Treasury yields and geopolitical tensions.

## Wall Street's Optimism

Despite the stock's performance, Wall Street analysts remain optimistic about SpaceX's future. Most analysts have given the stock a "Buy" rating, with price targets exceeding $200. Major firms like JPMorgan and Morgan Stanley highlight SpaceX's potential in space exploration and AI infrastructure, suggesting significant growth opportunities.

## Valuation Concerns

However, not all investors are convinced. Some analysts, like those at MoffettNathanson, have expressed skepticism about SpaceX's valuation, questioning the feasibility of its ambitious projects. Independent research firms also caution that SpaceX remains unprofitable, and its high valuation may not be justified by current earnings.

## Future Prospects

SpaceX's future depends on its ability to execute its ambitious plans, such as making its Starship fully reusable and expanding its AI capabilities. Analysts predict varying numbers of Starship launches by 2030, reflecting differing views on the company's potential. Despite these challenges, Wall Street's average price target suggests confidence in SpaceX's long-term prospects.

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