How Low Can SpaceX Stock Go?

SpaceX stock has plummeted 35% from its $225 peak to $145 since its June IPO, losing $1 trillion in market value. While the company has strong growth potential across space transportation, satellite internet, and AI infrastructure segments with forecasted revenue doubling to $38.8B in 2026, its valuation remains extremely expensive at a P/S ratio of 98.9—15 times higher than the Nasdaq-100. The analyst warns the stock could decline 50% or more if the company fails to meet Wall Street's ambitious revenue expectations.