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SpaceX Stock Near $115; Analyst Warns $100 Threat

7/25/2026

46 5 Full Breakdown

Summary

Story summary

SpaceX shares closed at $114.87 on July 24 after a low of $110.85 that week.
Morgan Stanley analyst Adam Jonas warned that a drop to $100 would value the AI segment at zero and set a $300 target.
The June 12 IPO priced at $135, raised $86 billion, peaked at $225.64 before an 18 % drop, and SpaceX’s $60 billion purchase of Anysphere and a $116 billion lockup expiry could push the price toward $100.

History

Historical Context

After the NASDAQ peaked at 5,048.62 on March 10 2000 and fell 78 % by October 2002, the dot-com crash erased up to 80 % of Cisco’s market value and slashed venture-capital funding. Today, SpaceX’s $135 IPO, now pressured toward $100, revives those fears, with Morgan Stanley analyst Adam Jonas warning AI valuations could vanish like the 2000 internet stocks.

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Story summary

SpaceX shares closed at $114.87 on July 24 after a low of $110.85 that week.
Morgan Stanley analyst Adam Jonas warned that a drop to $100 would value the AI segment at zero and set a $300 target.
The June 12 IPO priced at $135, raised $86 billion, peaked at $225.64 before an 18 % drop, and SpaceX’s $60 billion purchase of Anysphere and a $116 billion lockup expiry could push the price toward $100.

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