SpaceX Hits $145 Low as Analysts Roll Out Team Coverage

SpaceX stock closed at $145.30 on July 13, its lowest level since the June IPO, despite a wave of bullish Wall Street research. After joining the Nasdaq-100 on July 7, the company received 14 Buy ratings from major banks, with targets ranging from $190 to a Street-high $800 from Raymond James and $300 from Morgan Stanley. Passive inflows of up to $4.3 billion were expected, yet the stock fell 5-7% on inclusion day and continued lower amid valuation concerns. Later notes from Deutsche Bank ($225) and Cantor Fitzgerald ($246) highlighted Starlink, reusability, and AI infrastructure, while firms noted the need for multi-analyst teams due to SpaceX’s complex businesses.