SpaceX shares slip below IPO price as bullish analyst coverage hits

SpaceX's SPCX stock trades at about $149, roughly three weeks into public trading, dipping below its IPO opening price even as major banks initiated coverage with broadly bullish targets (JPMorgan at $225, Morgan Stanley $300, Goldman Sachs $205, Bernstein $239, RBC $225, and others). The company is entering the Nasdaq 100, and analysts cite its multi-segment moat across launches, connectivity, and AI compute as upside potential, though investors remain cautious about the stock’s valuation amid the new frontier-focused narrative.