It’s worth understanding why the share price fell so fast. This wasn’t a business blowup. It was a sentiment unwind. SpaceX popped<\/a> on its June debut, ran higher, and was swept into the Nasdaq-100, which forced a wave of passive index funds to buy. Once that mechanical demand was satisfied, the buying dried up and momentum reversed, sending the stock sliding for days back toward where it started. In other words, the price got ahead of itself on hype, and gravity did the rest. <\/p>\n What Deutsche Bank’s $255 target says happens next <\/p>\n Deutsche Bank’s message, in effect, is that the pullback is noise around a durable long-term story. Its $255 target sits well above the current price, implying meaningful upside if the thesis plays out. The bank’s reasoning centers on SpaceX’s core advantage: launching rockets reliably, reusably, and cheaply, which it argues is the key that unlocks the wider space economy. It also pointed to Starlink<\/a> evolving into a global connectivity network across consumers, businesses, and governments, and to SpaceX’s potential edge in deploying computing power both on the ground and in orbit. <\/p>\n Deutsche Bank isn’t alone in its optimism, either; other Wall Street desks launched coverage with bullish views, one going so far as to call SpaceX the “apex of civilizational ambition.” The collective signal from these targets is that the smart money views the recent slide as an opportunity to own a dominant franchise at a better price, not a signal to flee. <\/p>\n The other side of the target <\/p>\n I’d take any price target with a healthy grain of salt, though. Analyst forecasts for SpaceX are all over the map, which tells you just how much guesswork is involved in valuing a company this new and this sprawling. Even at $137, the stock still\u00a0trades at an\u00a0enormous valuation that leaves little room for stumbles, and the business relies\u00a0heavily on Starlink while its Starship program remains a work in progress. A target is an opinion, not a promise. <\/p>\n The gap between SpaceX’s falling price and Deutsche Bank’s $255 target captures the whole debate in one number: The market is nervous, but Wall Street’s analysts think the long-term prize is intact. My honest read is that the sell-off looks more like hype deflating than fundamentals cracking, which could make this weakness interesting for patient investors. <\/p>\n Should you buy stock in Space Exploration Technologies right now? <\/p>\n Before you buy stock in\u00a0Space Exploration Technologies, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Space Exploration Technologies\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $396,542!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,299,961!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by 4x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of July 15, 2026. <\/p>\n Micah Zimmerman<\/a> has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. The SpaceX stock drawdown, in context <\/p>\n