SpaceX Stock Falls Below IPO Price, Raising Questions on Valuation

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Summary · why it matters

Space Exploration Technologies stock briefly fell below $125 a share on Friday before recovering to about a 4% loss, leaving it below its IPO price. The decline follows new competition from China’s first successful water landing of a reusable rocket and a postponed Starship test flight. At $125, the stock trades at 192 times forecast 2027 earnings, but analysts project 152% average annual earnings growth over the next five years, dropping the P/E ratio to 22.5 by 2029.

Space Exploration Technologies Corp. Class A Common Stock ▼