SpaceX Stock Drops on Friday. Should Investors Cheer?

SpaceX (SPCX) fell below $125 per share on Friday, marking its first close below IPO price amid a broader selloff that erased the 67% pop from its debut. The decline was driven by lost post-IPO momentum, a postponed Starship test flight, new Chinese competition in reusable rockets, and investor rejection of SpaceX's AI pivot.

Why it matters: Bulls argue that with analysts projecting 152% annual earnings growth over five years, the stock's P/E could compress from 192x in 2027 to just 22.5x by 2029, though Motley Fool's Stock Advisor did not include it among its top 10 buy-now picks.