3 Reasons SpaceX Stock Could Drop 30% by 2028

SpaceX's stock, which recently completed its IPO at $135, could decline significantly by 2028 due to three main factors: fading post-IPO enthusiasm as investors evaluate fundamentals, substantial operating losses in its AI segment ($6.4 billion loss on $3.2 billion revenue in 2025) with unclear profitability timeline, and increasing international competition in reusable rocket technology from Japan and China that could erode its technological advantage.