Following an impressive stock market SpaceX (NASDAQ: SPCX) launch, the equity took a sharp downward turn shortly after setting a record valuation of almost $3 trillion on June 16.
By press time on June 26, SpaceX stock price today stood at $150.96 after SPCX shares retraced nearly completely to their original opening price of $150. Still, SpaceX stock price remains above the SpaceX IPO share price of $135.
Indeed, despite the latest pullback in SpaceX stock, a $10,000 investment made at the SpaceX IPO share price of $135 would still be profitable.
Overall, the $10,000 SpaceX IPO stock purchase would have led to a position worth $11,182 for $1,182 in profits. Conversely, buying on the morning of June 12 would have led to a $10,064 stake.
Simultaneously, being slightly late to the SpaceX launch and purchasing at the firm’s first-ever closing price of $160.95 would have led to $620.69 – 6.2% – in losses.
SpaceX stock price prediction for 2027
Looking ahead, it is likely that a $10,000 SpaceX launch investment could turn substantially more profitable both in the near and intermediate future.
To begin with, the SPCX share price is likely to soon enjoy fast-track inclusion into the Nasdaq-100, generating renewed upward pressure from index funds’ automatic buying.
Though the tailwinds could subsequently again be diminished as insiders become able to sell their stakes, Wall Street has demonstrated significant bullishness toward SpaceX stock.
Specifically, despite the recent downturn, SpaceX company stock is overall considered a ‘Moderate Buy’ by analysts and is, on average, expected to rally 47.58% to $222.20 in the next 12 months, per the data Finbold retrieved from TipRanks on June 26.
Should the forecast prove correct, a $10,000 investment made at the SPCX IPO price would grow to $16,459, and the same investment made as soon as the company hit the market would rise to $14,813.
Furthermore, despite the severe mismatch between the SpaceX valuation and the company’s revenue and profitability, multiple major institutions and Elon Musk himself came out voicing a strong belief that the firm will see its business rocket by 2030.
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