SpaceX shares have erased all post-IPO gains, falling 30% back to their $135 offering price, while Raymond James analyst Brian Gesuale maintains an $800 price target implying roughly 491% upside. The stock, which went public on June 12 in a record $75 billion raise at a $1.75 trillion valuation, briefly surged past $225 before a month-long selloff driven by profit-taking, tech weakness, and valuation skepticism. Wall Street's average target sits at $242.22, representing 79% upside, with 7 Buy ratings, 3 Holds, and 1 Sell. Gesuale's bull case reframes SpaceX as a generational industrial platform tied to Starship economics and orbital AI compute, modeling $837 billion in revenue by 2031. Peer space stocks Rocket Lab and AST SpaceMobile fell 24% to 30% in the same period, but SPCX carries the largest analyst-implied upside in the group.
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Rocket Lab USA Inc.
Space Exploration Technologies Corp. Class A Common Stock