Wall Street Analysts Maintain Bullish SpaceX Outlook Despite 32% Post-IPO Share Drop

SpaceX shares trade around $152.71, down roughly 32% from peak post-IPO levels near $225.64, yet 28 of 35 Wall Street analysts maintain Buy or Strong Buy ratings. The consensus price target stands at $222.42, implying approximately 45.65% upside. The post-IPO sell-off followed a tight 4% to 5% public float and a 911.5 million share lockup expiration. Despite posting a $541 million quarterly loss on $18.37 billion in capital expenditures, SpaceX saw quarterly revenue jump 92% to $7.8 billion, driven by its AI segment, while management guided for a $100 billion annualized revenue run rate by December.