EL7.AI
StocksMediumUpdated×2•Originally published 24 July 2026•Updated 25 July 2026•
2 min read

SpaceX Stock Receives Double Upgrade to 'Buy' as Technical Recovery Signals Emerge

Key Facts

1SpaceX launched its massive Starship rocket in a 13th test flight on Friday following weather and technical delays.
2Starship test flight success is critical for SpaceX's ambitions to rapidly expand its Starlink satellite internet service.

Amid market efforts to identify a price floor following post-IPO volatility, SpaceX stock received a double upgrade to 'buy' after a significant 51% peak-to-trough decline. This upgrade reflects analyst confidence in the company's ability to navigate initial selling pressure, as the drawdown aligns with historical patterns observed in major initial public offerings before reaching stabilization. According to reports, the shift toward a bullish outlook is driven by the attractiveness of current price levels relative to the company's long-term prospects.

On the financial and technical front, SPCX is currently trading 15% below its IPO price, prompting Morgan Stanley to maintain a bullish price target of $300 despite upcoming share unlock risks. Per market data, technical support has emerged at $111, with a key historical buy zone identified at $102 that may serve as a buffer against further downside. This valuation assessment comes as the company aims to translate technical milestones, such as the recent Starship launch, into sustainable shareholder value.

Regarding market performance, SPCX stood at $123.54 (close July 21, 2026), with traders monitoring whether the stock can hold above identified support levels. Looking ahead, investors are watching for the UK Inflation Rate (CPI) data on July 22, which could influence global risk appetite in the technology and growth sectors. The stock's ability to maintain its current momentum will be a key test against the selling pressure expected from imminent share unlock events.