SpaceX (SPCX) stock has settled near its initial IPO price roughly three weeks after its June launch, following an early peak of $225. The stock is down 4% today but remains rated a buy by Wall Street analysts. JPMorgan Chase initiated coverage with an Overweight rating and a $225 price target, while Morgan Stanley also gave an Overweight rating with a $300 target. Major institutional funds are expected to begin buying, and the stock’s recent addition to the Nasdaq-100 adds to its appeal. However, some analysts advise patience given that upside potential currently outweighs actual revenue relative to valuation.
Since its blockbuster IPO launch in June, SpaceX (SPCX) stock has settled back to around its initial IPO price after hitting as high as $225. After roughly three weeks in public markets, the stock price is roughly in line with where it began trading, making many early investors feel queasy.
Now, however, major institutional funds are about to start buying up the stock, and Wall Street is lining up bullish calls. Down 4% today, SPCX still has surge potential and is rated a buy, according to Wall Street analysts.
JPMorgan Chase recently initiated coverage with an Overweight rating and a price target of $225 per share. The analysts wrote: “SpaceX’s ambitions — and potential impact on humanity — are bigger than any company’s we’ve ever seen. While SpaceX has already reached a $2T+ market cap post its IPO, we believe significant upside potential remains as the company quite literally builds out the next frontier.”
Morgan Stanley has also indicated that SpaceX could be a solid buy option in the second half of 2026. Its analysts initiated coverage with an Overweight rating and a price target of $300 per share, stating: “SpaceX combines near-monopoly launch economics, the world’s largest LEO satellite network, and a fast-scaling AI infrastructure business. We see the company as one of the few platforms that can link real estate in orbit, global connectivity, and compute capacity into one infrastructure stack.”
Following its Nasdaq-100 addition, SpaceX remains an attractive investment option, partly due to the company’s notoriety and recent success. Elon Musk has said that SpaceX will end up being one of the biggest companies ever, and it has already made him a trillionaire.
However, some analysts still advise patience with SPCX, as its upside “potential” remains a much bigger driver than its actual revenue compared to its stock valuation.
