Chrishust
05-21
1. The spacex ipo is highly anticipated and is like to perform strongly due to this hype
2. It is likely to spike on day on with positive performance due to this hype.
3. It’s current valuation is consistent with market expectations and is likely to increase further
4. Spacex is a better investment on day one before the hype and increased. While there are competitors. $Rocket Lab USA, Inc.(RKLB)$ $Firefly Aerospace Inc.(FLY)$ these competitors do not have us government contracts
SpaceX Retreats 30% From Peak! Wall Street's $227 Target?
SpaceX fell another 7.8% today, extending a roughly 30% pullback from its $225 high since debuting on Nasdaq at $135 on June 12. Despite persistent losses, ongoing AI unit cash burn, and phased lockup expirations beginning late August, most institutions remain bullish — FactSet's consensus from 10 analysts pegs the average target at $227, Oppenheimer rates it Outperform, and its Nasdaq-100 inclusion on July 7 is expected to attract passive inflows. Morningstar's DCF model, however, values the stock at just $63. After a near-50% drawdown, do you buy the dip or wait for lockup expiry?
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