Quick Read – DZ Bank’s $100 Sell target on SPCX implies a 25% drop from $134, the lone bear call among more than 40 analyst actions Friday. – Post-IPO lockup expiration unlocks 912 million shares, surpassing the 639 million sold at IPO and amplifying supply pressure on a stock…
ready down 17%. – 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
DZ Bank initiated coverage of SpaceX with a Sell rating and a $100 price target on August 21, 2026. Against Thursday’s $134 close on a $1.03 trillion company, the target is a rare public bear call on a recently public mega cap, and it deserves a close look from long-term holders. Analyst’s Case The DZ Bank Analyst Markus Leistner warned of “crash risk in the valuation orbit.” Capital expenditures reached $18.37 billion in a single quarter, with $15.83 billion directed to AI compute infrastructure, and management guided the next two quarters to a similar CapEx level.
That buildout has to be powered, cooled, and networked by somebody, which is exactly why we rounded up seven suppliers behind the AI data-center boom in a free report here. Add the pending $60 billion Cursor acquisition expected to close in Q3 2026 and a $541 million net loss, and the bear case writes itself. Company Snapshot SpaceX (NASDAQ:SPCX) is a vertically integrated aerospace, telecommunications, and artificial intelligence company operating across Space, Connectivity, and AI segments.