SpaceX dropped $135 on the Wednesdays, the first time since the company was listed. At one point, the stock price fell to the vicinity of $134 and then went down to about $132.60. As stock prices recede, the market began to reassess the valuation level of the company ' s initial listing.
Starship is approaching.
This fell in SpaceX the 13th Starship on the eve of the test flight. As currently scheduled, the launch will take place as early as Thursday in Starbase, near Bocachica, Texas, and the launch window is expected to open at 18:45 hours Eastern United States time.
This mission will use the upgraded Version 3 Starship configuration. The United States Federal Aviation Administration completed its review of the 12-flight anomaly on 13 July and released it for the next launch.
First post-market performance to be disclosed
In addition to launching missions, investors are also waiting for the first performance after SpaceX is listed. The report indicated that the results were expected to be published through the network of company officials and X accounts.
Market concerns include data on income, expenditure, launch activities and profitability. This information will provide a more direct basis for the outside world to observe changes between business expansion and cost inputs once the company is listed.
Wall Street is still optimistic.
Despite the fall in stock prices, the overall attitude on Wall Street has not significantly weakened. According to the report, 27 of the 31 analysts were rated “buy-in” or “power-buy-in” at an average target price of approximately $242.
Needham recently maintained a “buy-in” rating and raised the target price from $200 to $250. There is still a large gap between the current share price and the analyst ' s target price, which indicates that secondary market pricing is not consistent with institutional expectations.
SpaceX was just included in the NASDAQ 100 index last week because the adjustment of the relevant rules has reduced the waiting period for the inclusion of newly listed companies. The inclusion of the index created a once-in-time demand for passive capital, but the company ' s share price fell by $150 for the first day of the transaction shortly after the addition.
Additional information:According to the report, when SpaceX stock price had previously risen to $225.64, Mask net assets had at one time reached about US$ 1.45 trillion; after the stock price had dropped, its net assets had fallen to about US$ 850 billion.