SpaceX stock has fallen nearly 50% from its June 16 high after a strong post-IPO rally, driven by profit-taking, valuation concerns, and upcoming lockup expirations. Despite the decline, TipRanks top-rated analyst Mike Zaccardi upgraded the stock to Buy, saying similar pullbacks have historically created long-term opportunities. He believes much of the lockup risk is already priced in, with the August 4 earnings report seen as a potential catalyst for a recovery.
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