# SpaceX IPO Crashes 32% But Analysts Hold Firm

> SpaceX's $1.8T IPO crashes 32% yet 28 Wall Street analysts refuse to downgrade.
- Title: SpaceX IPO Crashes 32% But Analysts Hold Firm · 24/7 Wall St.
- Summary: SpaceX's $1.8T IPO crashes 32% yet 28 Wall Street analysts refuse to downgrade. SpaceX's stock dropped 32% from IPO price but 28 analysts maintain a buy…
- Keywords: spcx, spacex, morgan stanley, starlink, ipo, rocket lab, spacex stock, Crashes, Analysts, Hold, Firm, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/21/spacex-ipod-at-1-8-trillion-crashed-32-and-morgan-stanley-still-sees-it-doubling
- Author: Omor Ibne Ehsan
- Published: 2026-09-21T19:00:58+00:00
- Read time: 1 min
- Topics: spcx, spacex, morgan stanley, starlink, ai, ipo, rocket lab, spacex stock
## SpaceX IPO
SpaceX priced its June IPO near $2 trillion valuation.
## Stock Crashes 32%
The stock fell 32% in weeks after IPO.
## Analyst Ratings
28 Wall Street analysts hold SpaceX as a buy.
## Starlink Cash Engine
Starlink now generates cash for SpaceX.
## AI Segment Growth
AI revenue jumped 247% year over year.
## Morgan Stanley View
Morgan Stanley says SpaceX is 'attractively valued'.
## What Happens Next
Q3 report will decide if SpaceX stock recovers.
## Key takeaway

SpaceX's stock dropped 32% from IPO price but 28 analysts maintain a buy rating despite the crash.