SpaceX Stock Is Down 45% From Its Peak. Should Investors Buy the Dip or Run for the Hills?

SpaceX stock has declined 45% from its peak of $225.64 to $125, despite strong revenue growth projections and expansion into AI infrastructure. While Wall Street forecasts revenue could double to $39.2B in 2026 and reach $72.7B in 2027, the company trades at a P/S ratio of 88—14 times higher than the Nasdaq-100. Even accounting for future growth, SpaceX remains significantly overvalued and unprofitable, suggesting further downside risk.