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SpaceX sparks valuation fears as analysts refuse stock target – TON BOT

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SpaceX sparks valuation fears as analysts refuse stock target

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SpaceX stock dropped over 10% after analysts at KeyBanc initiated coverage with a neutral rating and no price target. Concerns about the company’s valuation following its market debut were raised, with analysts suggesting that current growth prospects may already be reflected in the stock’s price. SpaceX also entered the debt market for the first time with a bond offering. Investor focus shifted from the company’s successful IPO to questions about its ability to support its market capitalization with sufficient growth. Traders are now evaluating whether the stock’s decline is a temporary correction or the start of a longer adjustment period.

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