Is SpaceX a No-Brainer Buy Below $120? (Hint: The Answer May Surprise You)

SpaceX stock has underperformed since its IPO, trading below $120 compared to its $135 pre-IPO price. While some investors see it as a buying opportunity, analyst Keithen Drury recommends waiting at least a year before investing. The company is currently a telecommunications business reliant on Starlink for over half its revenue, with future space economy opportunities still years away. Key concerns include the upcoming insider lockup period expiration that could flood the market and the need for more financial reports to assess the true business fundamentals.