SpaceX Stock Falls to $138 Near IPO Price as Bulls Reaffirm Targets

SpaceX shares slid 4% to $138.40 on July 13, approaching the $135 IPO price amid post-listing volatility. A wave of bullish initiations from July 7-10 drove the consensus target to $276, led by BofA’s $235 Buy, Morgan Stanley’s $300, and Raymond James’ Street-high $800. Despite $4.3 billion in expected Nasdaq-100 inflows and strong long-term narratives around Starship and orbital AI, shares remain below the early $200 peak as lock-up expirations loom and execution risks persist.