SpaceX Slides Near IPO Price Despite Wall Street's Bullish Targets

Wall Street banks launched bullish SpaceX coverage around July 7, 2026, with one price target at $236. Eight days later, shares briefly dipped below the $135 IPO price for the first time, closing at $135.27 on July 15 (Bloomberg). The stock had peaked at $225.64 intraday on June 16. Reaching $236 now requires a 75% gain from that close.