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Analysts Initiate Bullish Coverage on SpaceX After Quiet Period
Major brokerages initiated coverage of SpaceX with mostly buy ratings and price targets ranging from $205 to $800 after the post-IPO quiet period ended. The bullish calls underscore Wall Street confidence in the company's launch, Starlink and government contract businesses following its $75 billion June IPO.
SpaceX Raises $75B in Record IPO Ahead of Nasdaq Debut
SpaceX is raising $75 billion by selling 555.6 million shares at $135 each in the largest IPO on record, valuing the company at $1.77 trillion ahead of its Nasdaq debut Friday under ticker SPCX. The offering highlights Musk's control, Starlink profitability amid heavy AI spending, and ongoing losses that make the bet largely a wager on the founder.
Coinbase Launches Pre-IPO Perpetual Futures on SpaceX
Coinbase launched pre-IPO markets with perpetual futures on SpaceX for non-US users allowing 24/7 trading settled in USDC that automatically transitions post-IPO. The move intensifies competition among crypto platforms to offer synthetic private market exposure as the tokenized RWA sector expands rapidly to $51 billion.
From the feed · 10
20% of SpaceX shares unlock August 6 after earnings. • 7% on August 21 • 7% on September 10 • 7% on September 25
SpaceX proxy SPCX has dropped 45% from its post-IPO high. Cathie Wood bought $51 million worth in the recent quarter.
SpaceX shares have dropped 40% in the month since its record IPO, now trading below the initial price. The correction was widely expected after the euphoric open, aside from one outlier event.
Short sellers booked $8.7 billion in profits after SpaceX shares slipped back to their last IPO valuation. The dip erased recent gains and triggered the largest single-name short payout in the private market this year.
SpaceX shares test the $135 level eyed for a possible IPO. Cathie Wood keeps buying the dip.
Short sellers have loaded up against SpaceX, shorting 185 million shares that now represent 29% of the company's tradable float.
SpaceX stock reportedly erased all its gains and fell below its IPO price in intraday trading.
SpaceX shares fell below their $135 IPO price for the first time, dropping for a fourth straight session after joining the Nasdaq-100.
Big banks including JPMorgan Chase and Goldman Sachs are set to report strong Q2 revenue, lifted by the SpaceX IPO and trading activity tied to Iran war volatility.