SpaceX Stock Price Trend Forecast: SpaceX Sees First Pullback After Listing, Pre-Market Stock Price Falls Over 3% Again Today, Will the Stock Price Rise in June?

Tradingkey - SpaceX ( SPCX )'s strong post-listing rally is beginning to show signs of cooling down. Yesterday (June 17), SPCX recorded its first full-session decline since its listing, with the stock price closing down 4.95% at $191.82. During the session, it slipped to as low as $187, retracing about 15% from its previous high of $225.64. In today's pre-market trading, SPCX continued to weaken, falling over 3% at one point, indicating that short-term profit-taking is accelerating and market sentiment has shifted from previous one-sided chasing of gains to growing divergence.

Institutional views show clear divergence. On one hand, Vanda Research believes that SpaceX is becoming a new core asset for retail investors, and could even join the "Magnificent Seven," OpenAI, and Anthropic to form the so-called "FAB 10." This suggests that the short-term capital base remains strong, and once the stock price stops falling, it could still attract buy-the-dip flows. On the other hand, some institutions caution that SPCX has risen too quickly, with its valuation already pricing in too many growth expectations, and the subsequent lock-up expiration could bring new supply pressure.

Looking at analyst forecasts, the market is not unanimously bullish. Some institutions have issued high price targets; Zephirin Group set its target at $310, believing that SpaceX has long-term room for growth in AI, satellite internet, and commercial aerospace. However, other institutions have provided significantly lower valuations, with CFRA analyst Keith Snyder arguing that the current price has already overstretched fundamentals, setting a price target of $115.

SpaceX stock 1-hour chart, Source: TradingView

Looking at SPCX's 1-hour chart, the most critical level for SPCX right now is the $190 threshold. This area is close to both yesterday's closing price and the short-term pivot where intraday capital repeatedly wrestled. If the stock price can hold the $187–$190 range and regain the level above $195 after the market opens, it would indicate that the correction is still a normal retracement following a strong rally. Bulls would still have a chance to retest the $200 psychological level and the previous high resistance zone of $213–$226. If the price breaks through this resistance zone, it will open up upside potential toward the Fibonacci level of $252.

If SPCX breaks below $187, its short-term structure will weaken significantly. This would mean that the strong upward trend since its listing will be broken, and the stock price could further pull back to erase the sentiment premium left by the previous rapid surge. Downside support levels to watch include $182, $172.5, and around the first-day closing area of $160. Among these, the $160 level carries strong psychological significance; once the price drops near this area, the market may reassess SPCX's reasonable premium relative to its IPO price of $135.