{"id":5297,"date":"2026-07-01T15:15:21","date_gmt":"2026-07-01T15:15:21","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5297"},"modified":"2026-07-01T15:15:21","modified_gmt":"2026-07-01T15:15:21","slug":"spacex-stock-sinks-over-6-today-but-analyst-remains-strongly-bullish","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5297","title":{"rendered":"SpaceX stock sinks over 6% today, but analyst remains strongly bullish"},"content":{"rendered":"
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SpaceX stock (SPCX) fell sharply on Wednesday as investors continued to navigate volatile post-IPO trading.<\/p>\n

Shares of Elon Musk’s space and artificial intelligence company dropped more than 6% to $159.95 in early trading.<\/p>\n

The decline came amid broader weakness in technology and semiconductor stocks. <\/p>\n

The Nasdaq Composite fell 0.4%, while the S&P 500 slipped 0.1%. The Dow Jones Industrial Average rose 88 points.<\/p>\n

Among other technology names, Micron fell 6%, Sandisk dropped 8%, Nvidia lost roughly 2%<\/a>, and Broadcom declined about 1%.<\/p>\n

Investors focus on valuation after IPO surge<\/h2>\n

The pullback highlights the ongoing debate over SpaceX’s valuation following its blockbuster public market debut<\/a>.<\/p>\n

With the stock experiencing significant swings since listing, investors are increasingly looking to analyst assessments for clues about how much upside remains after the company’s rapid ascent.<\/p>\n

On Tuesday evening, Wedbush analyst Dan Ives initiated coverage of SpaceX with an outperform rating and a $190 price target.<\/p>\n

“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity, Starship launches leading to a demand flywheel, and increasing deal flow for its Colossus [AI data centers],” Ives wrote.<\/p>\n

According to Ives, Starship remains central to the company’s long-term growth strategy.<\/p>\n

The analyst argued that the next-generation launch vehicle could reduce the cost of reaching space by roughly 90% compared with Falcon 9 missions, potentially enabling a broader range of commercial opportunities, including orbital AI data centers.<\/p>\n

“All of SpaceX’s future business runs through Starship, whether it’s Starlink’s next-generation [satellites], the orbital AI-compute constellation, the Artemis lunar lander, or the cost-and-capacity step the whole forward [valuation] case assumes,” Ives wrote.<\/p>\n

“The vehicle is the single largest source of value in the franchise as much as its largest risk.”<\/p>\n

AI represents largest piece of valuation<\/h2>\n

Ives based his valuation on a sum-of-the-parts framework that separately assesses the company’s launch, satellite internet, and artificial intelligence businesses.<\/p>\n

Under that approach, he values SpaceX’s launch operations at approximately $66 billion and Starlink at roughly $600 billion.<\/p>\n

The largest component of the valuation is the company’s artificial intelligence business, which Ives estimates is worth approximately $1.8 trillion.<\/p>\n

He expects AI-related operations to generate more than $80 billion in revenue by 2028, before any contribution from potential orbital AI data centers.<\/p>\n

The analysis places significant emphasis on SpaceX’s expanding AI ambitions alongside its traditional aerospace operations.<\/p>\n

Nasdaq-100 inclusion could drive demand<\/h2>\n

Separately, SpaceX is set to become one of the fastest companies ever added to the Nasdaq-100 index following recent rule changes adopted by Nasdaq.<\/p>\n

Nasdaq announced after last Friday’s close that SpaceX qualifies for inclusion in the benchmark technology index.<\/p>\n

Assuming the company continues to meet eligibility requirements<\/a>, index-tracking funds and related investment products will begin purchasing shares after the market closes on July 6, with SpaceX officially joining the Nasdaq-100 before trading begins on July 7.<\/p>\n

More than $800 billion tracks the Nasdaq-100, including the Invesco QQQ Trust, one of the largest and most actively traded exchange-traded funds.<\/p>\n

SpaceX is expected to enter the index with a weighting of less than 1%.<\/p>\n

Even with a relatively small weighting, inclusion could create meaningful buying demand because SpaceX’s public float remains limited compared with its overall market capitalization.<\/p>\n

Index funds and exchange-traded funds tied to the Nasdaq-100 will need to acquire shares to reflect the benchmark’s revised composition, while active managers benchmarked against the index may also adjust positions.<\/p>\n

The post SpaceX stock sinks over 6% today, but analyst remains strongly bullish<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

SpaceX stock (SPCX) fell sharply on Wednesday as investors continued to navigate volatile post-IPO trading.Shares of Elon Musk’s space and artificial intelligence company dropped more than 6% to $159.95 in early trading.The decline came amid broader weakness in technology and semiconductor stocks. The Nasdaq Composite fell 0.4%, while the S&P 500 slipped 0.1%. The Dow…<\/p>\n","protected":false},"author":1,"featured_media":5298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5297"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5297\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5298"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}