SpaceX’s stock is dipping—below $120 after a 25% plunge since its June IPO—but that might be a buying opportunity. Initial hype has faded, investors are cashing out, and looming lockups could flood the market before Q2 earnings. Yet analysts still see $225 as a likely target, offering over 87% upside. With big bets on AI in space, risks are high—but so are the rewards. Is the long-term potential worth the wait?

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