As SpaceX Shares Continue To Plummet, One Analyst Says Now Is the Time To Buy With 110% Upside

Quick Read

• SPCX has crashed astir 50% from its post-IPO high, yet Douglas Harned maintains a $239 terms people implying 110% upside from existent levels.

• Starship Flight 13 mislaid the V3 booster connected landing but successfully deployed 20 Starlink satellites, which Harned called a "major success."

• Short sellers person pocketed $15.5 cardinal connected the slide, with prediction markets giving conscionable 4% likelihood of SPCX recovering supra $150 by month-end.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and SpaceX didn't marque the cut. Grab the names FREE today.

Shares of SpaceX (NASDAQ:SPCX) person collapsed from a 52-week precocious of $225.64 to $113.50 arsenic of July 27, 2026, a descent that has erased much than $1.2 trillion successful marketplace worth since the June peak. Against that rout, Bernstein SocGen expert Douglas Harned reiterated an Outperform standing and maintained a $239 terms people successful a enactment dated July 28, 2026, implying +110.57% projected upside from the notation price.

Starship Flight 13: A Mixed Result

The enactment followed SpaceX's 13th Starship trial flight, launched July 24, 2026, from Starbase, Texas, and the 2nd formation of the V3 Starship mentation intended for Starlink and aboriginal lunar payloads. A anterior effort connected July 16 was aborted last-second erstwhile 4 Super Heavy booster engines failed to ignite, and a July 23 effort was scrubbed for weather.

On the palmy attempt, lone 8 of 13 booster engines relit for the landing burn, and 3 of those failed soon after, producing a hard splashdown and nonaccomplishment of the booster. The precocious stage, however, achieved a palmy in-space motor relight and deployed 20 accumulation Starlink V3 satellites. It was SpaceX's archetypal Starship trial formation since its June 12, 2026 IPO.

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Harned's "Cautiously Positive" Read

Harned called the ngo a "major success" contempt "one worldly issue", flagging that SpaceX has landed and reflown Starship boosters before, but lone with the older V2 version; the V3 booster utilized successful launches 12 and 13 has not yet demonstrated a palmy landing and reuse. For track-record context, TipRanks ranks Harned 1,426 retired of much than 12,300 analysts, with a 56% occurrence complaint and an mean one-year instrumentality per standing of 12.9%.

The China Angle

Harned besides addressed China's caller palmy landing of a Long March 10B rocket booster, astir six months up of expectations. He argued the milestone is simply a competitory awesome but not a threat, since China has not yet demonstrated booster reuse, a capableness SpaceX has executed with Falcon 9 crossed astir 165 launches successful the past year. In his framing, that spread is widening successful SpaceX's favor.