SpaceX Stock: Why IPO History Prompts A Double-Upgrade (NASDAQ:SPCX)
SpaceX stock has been upgraded to a buy following a significant decline from its IPO peak. Analysts suggest the current price represents an attractive entry point based on historical IPO drawdown patterns.
Why it matters
It provides financial analysis on a high-profile private space exploration company's market performance.
Stock Ideas Long Ideas Communication Services SpaceX: Why IPO History Prompts A Double Upgrade Jul 25, 2026, 10:28 AM ET Space Exploration Technologies Corp. (SPCX) Stock , SPCX:CA Stock Mike Zaccardi, CFA, CMT 9.48K Followers Follow 5 Share Save Play ( 8min ) Comments (49) Summary SpaceX is upgraded to a buy after a 51% peak-to-trough decline, aligning with historical IPO drawdown patterns that signal attractive long-term entry points. SPCX now trades 15% below its IPO price; technicals show emerging support at $111, with $102 as a key historical buy zone and $120 as a near-term confirmation level. Despite heavy selling and upcoming share unlocks, I believe the drawdown largely prices in supply risks, with major Wall Street targets (e.g., $300 from Morgan Stanley) remaining bullish. Q2 2026 earnings on August 4 could act as a clearing event, with implied volatility at 115% suggesting a significant price move ahead.
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