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SpaceX stock at $185 seen overvalued amid post-IPO hype and negative earnings outlook.

Market News
22 Jun 2026
24/7 Wall Street
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Bearish
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SpaceX's stock, currently trading at $185 after its IPO priced at $135, is considered overvalued by many analysts due to its negative forward earnings and a market cap around $2.44 trillion. While bulls highlight SpaceX's multi-platform infrastructure in aerospace, broadband, and AI, bears warn of a valuation disconnected from profits and expect a significant price drop. The stock's short trading history and upcoming lock-up expirations add uncertainty, suggesting investors wait for clearer financial results before buying. The consensus leans toward caution, with better entry points likely after earnings disclosures and insider selling.

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