SpaceX Is Down 22% From Its High, but Investors Aren’t Losing Faith

SpaceX shares have fallen 22% from their post-IPO highs after the company completed the largest IPO in history with a $2 trillion valuation. However, analysts suggest this pullback reflects market reassessment of valuation rather than loss of investor confidence. The company's expansion into AI, data centers, and computing infrastructure—evidenced by Reflection's multibillion-dollar agreement for Colossus 2 data center access—continues to attract interest despite uncertainty around future growth prospects.