**SpaceX Stock Turmoil: Key Facts**
SpaceX’s stock (NASDAQ: SPCX) has fallen nearly 50% from its IPO peak as it closed at an all-time low of $115.26 on July 15, 2023, dropping below its initial offering price of $135. Wall Street analysts remain largely optimistic, with 13 covering the stock; the lowest price target is set at $200 (implying a 70% potential gain), while the average target is $278, predicting a doubling of its current valuation to over $3.5 trillion. The highest target is $800, which would elevate SpaceX to a valuation exceeding $8 trillion.
Morgan Stanley analysts forecast that SpaceX will not achieve positive cash flow before 2035 and will require nearly $700 billion to fund growth, estimating an average capital need of $84 billion per year from 2027 to 2034. This raises concerns about the company’s future financial stability and ability to meet its ambitious goals, including advancements in artificial intelligence and potential interplanetary colonization. As the market reacts to these projections, the outlook for SpaceX investors appears challenging in the near term.
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