Quick Read – SPCX erased all post-IPO gains, falling 30% back to its $135 offering price, while Gesuale’s $800 target implies 491% upside. – RKLB and ASTS each dropped between 24% and 30% in the same sector selloff, yet Wall Street assigns its largest implied upside to SPCX at…
%. – SpaceX (NASDAQ:SPCX) trades at $135.27, sitting right on its $135 IPO price from June. The average Wall Street price target sits at $242.22, implying 79.06% upside from current levels
That gap widens when you notice the outlier. Raymond James analyst Brian Gesuale carries an $800 price target, implying roughly 491% upside from current levels. His thesis reframes SpaceX from a rocket company into a generational industrial platform, with a $10.5 trillion implied valuation tied to Starship economics and decentralized AI compute sold from orbit.
SpaceX went public on NASDAQ on June 12, 2026 in the largest capital raise in history, raising $75 billion at a $1.75 trillion valuation. The stock opened at $150, ripped past $225, and has since given all of it back. A Round Trip Back to the IPO Price in Five Weeks SPCX has fallen 29.73% over the past month, wiping out every dollar of post-IPO gains and sending the newly minted mega cap back to its offering price.