SpaceX shed nearly $5 billion in 2025 and the blockbuster IPO has sparked debate over whether the firm's major valuation
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CFRA on Friday initiated coverage of the stock with a "sell" rating and a 12-month price target of $115, which is a nearly 29% drop from Friday's closing price.
Key facts
SpaceX jumped 19% on Friday with the stock closing at $161 after being priced at $135 per share
CFRA on Friday initiated coverage of the stock with a "sell" rating and a 12-month price target of $115, which is a nearly 29% drop from Friday's closing price
SpaceX's capital expenditures in the three months ended March totaled $10.1 billion versus $4.1 billion in the same period last year
SpaceX lost nearly $5 billion in 2025 and the blockbuster IPO has sparked debate over whether the company's huge valuation is justified
Summary
SpaceX shares jumped in premarket trading on Monday following its record-breaking debut last week on the Nasdaq, which marked the biggest initial public offering in history. Shares of SpaceX were around 6% higher at the start of premarket trading, hovering around the $170 mark. SpaceX jumped 19% on Friday with the stock closing at $161 after being priced at $135 per share. Elon Musk 's space company operates the Starlink satellite internet service and a fleet of reusable rockets.