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SpaceX IPO banks yell ‘buy’ as stock craters

Protos·July 22, 2026·1 min read
SpaceX IPO banks yell ‘buy’ as stock craters

SpaceX has shed over $1.1 trillion in value since June 16, but the banks that split $500 million selling its IPO still rate the stock a buy. The dramatic decline contrasts with analyst optimism, highlighting a disconnect between market performance and institutional ratings.

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