Institution: SpaceX’s Long-Term High Growth Is Promising, but Short-Term Risk-Reward Is Balanced

Odaily Odaily reports that SpaceX (SPCX.O) fell over 4% in pre-market trading on Monday, marking a potential third consecutive day of decline. During Wednesday and Thursday trading sessions last week, SpaceX’s stock had already accumulated a drop of over 8%. Despite this, as of Thursday’s close, SpaceX’s share price was still 37% higher than its IPO price of $135, with a market capitalization reaching $2.4 trillion. KeyBanc Capital Markets initiated coverage of the stock with a Neutral rating, noting that while there are many paths to high growth in the long term, the risk-reward ratio appears to be relatively balanced in the short term. (Jin Shi)