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SpaceX Joins Nasdaq-100, Shares Fall to $151.74 as Wall Street Sets Targets Up to $900

GateNews
Stocks

SpaceX joined the Nasdaq-100 following the end of its IPO quiet period, forcing index-tracking funds to add exposure to Elon Musk's company. SPCX traded at $151.74, down 5.41%, after climbing from its $135 IPO price to a high of $225.

Wall Street analysts issued wide-ranging price targets, with Raymond James at $800, Citi suggesting a possible $900 long-term valuation, and Morgan Stanley at $300. Average analyst targets stood at $278, ranging from $200 to $900, as investors weighed growth opportunities against execution risks and the stock's 118x 2027 earnings valuation.

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