SpaceX Stock Price Falls From IPO High, $300 Target Set

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SpaceX (SPCX) shares have fallen 32.6% since their June 12 IPO debut, dropping from a high of $225.64 to $142.23 as of September 1. Despite the slide, Morgan Stanley analyst Adam Jonas maintains an Overweight rating with a $300 price target, implying 111% upside. Jonas’ bullish case centers on SpaceX’s planned $100 billion Starbase complex …