Forget Wall Street Analysts: History Says SpaceX Will Reach This Price Target Within the Next Year

Analysis of 30 hyped tech IPOs since 2012 shows an average 55% drawdown within the first year. Applied to SpaceX's IPO high of $225.64, historical precedent suggests a price target of $101.53. The article warns that SpaceX's unsustainable 131 P/S ratio, staggered insider lockup periods, and planned share dilution could make it an outlier for significant losses.