Space Exploration Technologies (NASDAQ: SPCX) , better known as SpaceX, has seen its stock price tumble since it made its market debut in June. After climbing to more than $200 per share shortly after its initial public offering ( IPO ), the stock now trades at about $108 (as of July 31).
Most investors knew the stock price of the unprofitable, capital-intensive business would be volatile once it started trading, and that volatility doesn't appear to be going away. Wall Street analysts see a huge move in SpaceX's stock price by next summer, according to their price targets. Here's what investors can expect.
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