SpaceX IPO: Wall Street Sets $300 Price Target
What happened when SpaceX's analyst quiet period ended?
Morgan Stanley set a $300 price target on SpaceX (SPCX) on July 7, 2026 — the highest on Wall Street — as 22 underwriting banks lifted their post-IPO quiet period and resumed coverage. At least six brokerages, including Goldman Sachs and UBS, issued buy ratings on the stock. SpaceX closed at $160.42 on July 7, meaning Morgan Stanley's target implies an 87% upside from that price.
The 22-bank syndicate was led by Goldman Sachs and also included Morgan Stanley, Bank of America, Citigroup, and JPMorgan. They handled SpaceX's $86 billion IPO, which priced at $135 per share on June 11, 2026, according to Futunn reporting.
How did SpaceX stock perform after its IPO?
SpaceX opened its first trading day at $150 — above its $135 offering price. It peaked at $201.80 on June 16, giving it a market cap of $2.6 trillion and making it the world's sixth-largest company at that point. The stock then reversed. By the time the quiet period lifted, it had fallen to $157.54, pushing its market cap below $2.1 trillion — a 22% drop from the peak.
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