SpaceX’s stock is in a wild spot—HSBC just slapped a “Hold” rating with a $115 price target, already below its IPO price. Trading near that mark and down 50% from its peak, the stock’s value is still fueled by hype, not hard numbers. The real test comes August 4th, when SpaceX drops its first quarterly earnings as a public company. Until then, analysts are split wildly—some see $200+ potential, others see a steep decline. Bottom line: don’t bet on one bank’s take. Do your homework. Those earnings? They’ll reveal whether SpaceX’s future is rocket science or just a lot of smoke.
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