SpaceX’s stock, once soaring after its record-breaking IPO, is now down 19% from its peak—sparking debate over whether it can rebound like Tesla did in its early days. While Starship progress offers hope, the company faces hurdles: inconsistent profitability, slowing revenue growth, heavy AI investments, and rising competition. Analysts warn the market may be overvaluing SpaceX as a disruption play, ignoring real risks—and predict further declines unless breakthroughs materialize. It’s a high-stakes watch for investors eyeing space and tech’s next big leap.

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