SpaceX stock falls back to earth shortly after Wall Street analysts release florid targets: ‘Paving the superhighway to the stars’

SpaceX stock fell below its $135 IPO price, dropping nearly 60% from its peak, despite Wall Street analysts setting bullish price targets ranging from $190 to $800. Underwriters for the IPO earned $500 million in fees, but the stock's decline left early investors facing losses.