What Happened
Analysts Initiate Coverage Amid Faith-Based Investing
SpaceX stock has entered a post-honeymoon phase, with a flood of analyst initiations hitting the market 16 trading days after the company’s IPO. Despite most analysts being bullish, the stock fell by nearly 7%, closing below $150 for the first time since the IPO. To achieve its ambitious goals, SpaceX must overcome significant hurdles, including achieving Starship reusability and increasing payloads. The company’s success may depend on its ability to raise $84 billion annually from 2027-2034, according to Morgan Stanley’s Adam Jonas. This article was first reported by Yahoo Finance.