CNBC reported on Monday that SpaceX is extending a selloff after its June 12 IPO priced at $135, following a surge in its first two full sessions as a public company. The report notes the stock fell 5% on Wednesday and 3.6% on Thursday, even though it was still up 37% at Thursday’s close.U.S. index ETFs are modestly higher (S&P 500 up 0.18% and Nasdaq up 0.06%), so SPCX’s move is reading more like stock-specific digestion after a hot IPO run than a broad risk-off tape.KeyBanc Highlights Long-Term Growth DriversKeybanc analyst Michael Leshock initiated coverage of SpaceX with a Sector Weight rating on Monday, saying the company remains well-positioned to lead space launch and related markets due to its head start and vertically integrated model.He said Starlink is driving profitable growth, with direct-to-cell service and faster speeds expected to improve through Starship and Starlink V3 satellites in the second half of 2026.Jim Cramer Sees Meme-Stock Momentum CoolingCNBC host Jim Cramer said SpaceX could not maintain its meme-stock momentum after a recent decline, arguing that the stock’s rally lost steam as more sellers entered the market. He noted that SpaceX now has a balanced market of buyers and sellers, making it difficult to sustain meme-driven gains.Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $152.50. Recent analyst moves include: