Wall Street retail investors are stuck with losses on SpaceX stock but refuse to give up, believing the stock will recover in the long term.

Although SpaceX shares fell below their IPO price, resulting in significant losses for many retail investors and Wall Street analysts on paper, both sides remain positive about the long-term outlook, believing that the potential of the space and AI businesses will support the stock's future recovery.

On July 18, 2569, CNBC news agency reported that The sharp decline in SpaceX stock since its IPO last month has resulted in significant losses for many retail investors, as well as Wall Street analysts who had recommended a "buy" rating for the stock. After the share price fell below the initial public offering (IPO) price.

However, many retail investors continue to hold onto their shares, and some are taking advantage of price dips to gradually buy more, believing that the price decline is merely short-term selling pressure rather than reflecting the company's fundamentals.

Meanwhile, analysts from financial institutions that participated in the IPO underwriting continue to give positive recommendations to SpaceX stock, even though the share price has fallen, citing the company's long-term growth potential from its space business, Starlink satellites, and the advancement of artificial intelligence technology.

However, some investors are beginning to question the still high valuation of the stock, as well as the independence of the analysis from financial institutions that acted as underwriters of the IPO. Meanwhile, bearish investors believe that the correction in SpaceX may not be over yet, after the stock price has fallen by about 40% from its peak since going public.

refer : www.cnbc.com

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