Quick Read – SPCX has crashed nearly 50% from its post-IPO high, yet Douglas Harned maintains a $239 price target implying 110% upside from current levels. – Starship Flight 13 lost the V3 booster on landing but successfully deployed 20 Starlink satellites, which Harned called a…
ajor success.” – Short sellers have pocketed $15.5 billion on the slide, with prediction markets giving just 4% odds of SPCX recovering above $150 by month-end. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and SpaceX didn’t make the cut. Grab the names FREE today
Shares of SpaceX (NASDAQ:SPCX) have collapsed from a 52-week high of $225.64 to $113.50 as of July 27, 2026, a slide that has erased more than $1.2 trillion in market value since the June peak. Against that rout, Bernstein SocGen analyst Douglas Harned reiterated an Outperform rating and maintained a $239 price target in a note dated July 28, 2026, implying +110.57% projected upside from the reference price. Starship Flight 13: A Mixed Result The note followed SpaceX’s 13th Starship test flight, launched July 24, 2026, from Starbase, Texas, and the second flight of the V3 Starship version intended for Starlink and future lunar payloads.
A prior attempt on July 16 was aborted last-second when four Super Heavy booster engines failed to ignite, and a July 23 attempt was scrubbed for weather. On the successful attempt, only 8 of 13 booster engines relit for the landing burn, and 3 of those failed shortly after, producing a hard splashdown and loss of the booster. The upper stage, however, achieved a successful in-space engine relight and deployed 20 production Starlink V3 satellites.