Space Exploration Technologies (NASDAQ:SPCX) stock has plunged to a record low, wiping out more than $1 trillion in market value as the enthusiasm that fueled its post-IPO rally faded.
The stock ended the week at $123, down 45% from its all-time high.
Despite the sharp sell-off, one Wall Street analyst believes SpaceX shares could eventually surge to $800.
Analyst Predicts SpaceX Stock Will Jump to $800 Top Wall Street analysts are highly bullish on SpaceX even as its stock continues falling.
Benzinga data shows that the average SPCX stock forecast among analysts is $236, much higher than the current $123.
