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SpaceX IPO drops 32% but Morgan Stanley sees potential to double its value.

Market News
21 Sep 2026
24/7 Wall Street
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Neutral
SpaceX IPO drops 32% but Morgan Stanley sees potential to double its value.

SpaceX's IPO, initially valued at $1.8 trillion, fell nearly 32% shortly after listing, trading around $152.71 against an average analyst target of $222.42. Despite the drop, 28 Wall Street analysts maintain buy ratings, citing strong growth in Starlink and AI segments, with management targeting $100 billion annual revenue by December. The stock's future hinges on sustained AI growth and Starlink's expansion, though concerns remain over high capital spending and short-term cloud contracts. Investors are cautiously optimistic ahead of the Q3 earnings report, which could be a key catalyst for the stock's direction.

SpaceX currently holds a market cap of $2.01 trillion on Pluang as of Sep 22, 2026 02:11 WIB, reflecting its massive scale despite recent volatility. The stock price stands at USD 152.21 with a slight 1-day decline of 0.39%, while trading volume remains high at 335,670,483 shares. Pluang data shows a majority of order activity leaning towards selling at 63%, with investors typically holding for about 36 days, indicating cautious sentiment ahead of upcoming earnings.

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SpaceX hits $2T valuation with $23B sales but still posts losses; Starlink growth and AI contracts key.

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