SpaceX Stock: Why IPO History Prompts A Double-Upgrade (NASDAQ:SPCX) - Seeking Alpha
Stock IdeasLong IdeasCommunication ServicesSpaceX: Why IPO History Prompts A Double UpgradeJul 25, 2026, 10:28 AM ETSpace Exploration Technologies Corp. (SPCX) Stock, SPCX:CA StockMike Zaccardi, CFA, CMT9.5K FollowersFollow5ShareSavePlay(8min)Comments(151)SummarySpaceX is upgraded to a buy after a 51% peak-to-trough decline, aligning with historical IPO drawdown patterns that signal attractive long-term entry points.SPCX now trades 15% below its IPO price; technicals show emerging support at $111, with $102 as a key historical buy zone and $120 as a near-term confirmation level.Despite heavy selling and upcoming share unlocks, I believe the drawdown largely prices in supply risks, with major Wall Street targets (e.g., $300 from Morgan Stanley) remaining bullish.Q2 2026 earnings on August 4 could act as a clearing event, with implied volatility at 115% suggesting a significant price move ahead.