Space Exploration Technologies Corp. (SPCX) closed at $149.47 on July 7, 2026, down $10.95 , or 6.83% , from the previous close of $160.42. The decline occurred on the same day the company was added to the Nasdaq-100 index. Trading volume was elevated, with intraday prices ranging from approximately $148.86 to $159.30. In after-hours trading, the stock recovered modestly to around $150–$151. The company’s market capitalization stood near $1.97–2 trillion .
The 52-week price range for SPCX extends from roughly $147 to $225.64. The day’s drop aligns with a common market pattern known as “sell the news,” in which positive events lead to short-term selling pressure as investors take profits or adjust positions. Nasdaq-100 inclusion typically prompts buying from index-tracking funds and ETFs managing hundreds of billions in assets, yet the immediate price reaction was negative.
Analyst Coverage and Price Targets
Financial institutions have recently initiated coverage on SpaceX with mostly positive ratings. Consensus 12-month price targets from analysts average between $190 and $239, implying potential upside of roughly 27% to 60% from the July 7 closing price. Individual targets range from lows near $115–$165 to highs of $401 or, in a few cases, $800
Firms such as Morgan Stanley, Goldman Sachs, Deutsche Bank, Raymond James, and others have issued Buy or Strong Buy recommendations. Cited rationales include expected growth in satellite broadband (Starlink), reusable launch services, and longer-term opportunities in space-based infrastructure. Some projections estimate significant increases in revenue and earnings over the coming years, though these remain forecasts subject to execution and market conditions.
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