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SpaceX Stock Price Drops Below IPO Price: Why Are Investors Selling SPCX?

2026-07-09 13:05:17

Story Highlights* SpaceX stock (NASDAQ:SPCX) has slipped below its IPO opening price despite joining the Nasdaq-100.

Wall Street remains overwhelmingly bullish, with an average analyst price target of $278, nearly double current levels.
Investors are booking profits as valuation concerns outweigh the company’s long-term growth narrative.

SPCX3.21%

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