SpaceX Stock May Have Limited Near-Term Upside After Post-IPO Pullback

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โดย The Motley Fool·Read original
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SpaceX stock has pulled back to about $170 after peaking at $225.64 following its June 12 IPO at $135 per share. The company went public with a $1.77 trillion valuation, making it the largest IPO in history, but its market cap still hovers around $2.16 trillion, or 116 times its trailing revenue. Analysts expect revenue to surge 96% in 2026, 81% in 2027, and 47% to $97.5 billion in 2028, driven by Starship, Starlink's over 10.3 million subscribers, and xAI's AI infrastructure business. However, upcoming lockup expirations starting in late July or early August could pressure the stock as early investors and insiders cash out, while its high valuation and the need to prove its growth targets may limit near-term gains despite potential support from Nasdaq-100 inclusion on July 7.

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